115JB tax calculation

Tax queries 896 views 3 replies

Hi frenz,

 

I had a doubt...

One of our client is an STPI unit. It has an export unit & domestic sales unit.  The exports unit has claimed 10A exemption.

So now, 115JB calculation should be done unit wise or company as a whole ?

 

Thanks in advance,

Vidisha

Replies (3)

IT SHOULD BE CALCULATED AS A COMPANY WHOLE.

T SHOULD BE CALCULATED AS A COMPANY WHOLE.

Vidisha,

 

Sec 115JB is applicable on Book Profit. Profit & Loss account is prepared as a whole (not the unit wise), and hence MAT is applicable to all units.


CCI Pro

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