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Income tax mat u/s 115jb

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 August 2013 Hello,
I have a query regarding deferred tax treatment under MAT provision.
While calculating book profit under sec 115JB deferred tax deducted or not from book profit.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
10 August 2013 For calculating Book Profit, if Deffered Tax (DT) amount is credited to Profit & Loss account, it should be deducted from the Net Profit.
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Conversely , if the DT amount is debited to P&L a/c it should be added back to Net Profit.
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