Mat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 October 2011 1. in case of calculation of book profit for calculating the book profit. do we need to take pbt or pat .? please giv reasons to support

2. when a sick company is take over my a healthy co. in the scheme of amalgamation what would be the treatment of loss of the sick co. in computation of mat and till how many years can the amalgamated co. carry forward such loss?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 October 2011 1. Can work out either way. But if income tax / provision for income tax is debited in P & L account ,that amount should be necessarily added to PAT as per explanation (1)(a) to section 115 JB (2).

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