Mat & ltcg

This query is : Resolved

MANISH CHATURVEDI (Querist)
Follow

05 August 2013 Is LTCG on STT paid indian listed shares deductible from MAT calculation. Where the assessee is company not dealing in buying and selling of shares and the said LTCG on shares is one of transaction during the year but may be substantial and what in case if it is about 50% of other profits.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

08 August 2013 LTCG is not deducted while computing book profit for the purpose of MAT.

Explanation 1 to Section 115JB provides for computation of book profit and it provides that such income shall NOT be deducted.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA Sunny Sharma

Rajat Khandelwal

ASHOK B GONDKAR

ashvini tripathi

CA Lalit Kumar Agrawal

Subscribe Now

Mat & ltcg

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

GST CONSULTANCY

Senior Executive

Manager- Finance and Compliance

CA Final

Accountant