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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