MAT ADJUSTMENT

This query is : Resolved 

11 October 2010 will Exch. loss booked in relation to Purchase of Imported Machinery be added back to Profit while making MAT Adjustments u/s 115JB of the I.T. ACT????

11 October 2010 Exchange loss on account of machinery imported will not come in profit and loss account.Therefore, question of adjustment for 115JB does not arise.


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