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?
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?
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).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Soyabean hsn code and gst rate
- STCG FOR GOLD ETFs
- Long Term Service award taxability in hands of company
- Free lancer income
- Last year TDS Claim
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
