MAT
This query is : Resolved
15 October 2010
Hi,
My query is,can capital gain from sale of long term capital asset (land) would be deducted in computation of book profit working u/s 115JB as been income not related to business and profession
My query is,can capital gain from sale of long term capital asset (land) would be deducted in computation of book profit working u/s 115JB as been income not related to business and profession
15 October 2010
Deduction is not permitted under section 115 JB of the Income tax Act,1961.
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