Mat calculation
This query is : Resolved
10 May 2012
we have a rental income only in the company and no business income, so I want to know can we reduced the rental income from book profit while calculating mat liability under section 115jb.
Guest
Guest
(Expert)
10 May 2012
No it cannot be reduced. rental income would be considered
CA Kishore Tallam
(Expert)
10 May 2012
Only additions / deletions permitted under that section only can be done. Apart from that, neither the assessee nor the AO can do any changes to the book profit.
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