MAT PROVISIONS
This query is : Resolved
06 January 2010
IF PAT IS LOSS, THEN WHETHER PROVISIONS OF SEC 115JB WILL BE APPLICABLE.
07 January 2010
Under MAT 115JB the Income-tax has provided the certain item which are added back and reduce to/from the profit and loss account.
After that adjusments if final figure of profit and Loss Account is loss then in that case only it will not be liable for MAT
After that adjusments if final figure of profit and Loss Account is loss then in that case only it will not be liable for MAT
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