Section 35

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puneet toshniwal (Querist)
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29 September 2012 whether mat is applicable to section 35 of income tax act..... whether any deduction is allowable under mat in case of r&d expense (section 35) or not?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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01 October 2012 1. MAT is applicable on book profit.
2. book profit is computed by taking profit as per P&L A/c and making adjustments for certain additions and deductions.

3. While computing profit, deductions u/s 35 are availed.
Since the deductions have been availed, benefit of the same is already considered wgile computing MAT.

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