Effect of Rent Equalisation in MAT

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 September 2010 Dear All

Please guide me on following issue -

Company has created Rent Euqlisation Fund in current year as per AS 19.

Co is under MAT

Please guide wheather Rent Equalisation debited P & L is disallowable for calculating MAT?


22 September 2010 If it is an ascertained liability no need to add with the profit disclosed in the p & l a/c.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 September 2010 Thanks sir

Is there any referance case law or suporting for the same??

22 September 2010 No need of a case law. Clause (c) of explanation-1 to section 115JB(2) says so.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 September 2010 Thank you so much Sir


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details