Menu
Book profit calculation
whether we add interest on vat in net profit for calculation of book profit u/sec 115jb
Replies (2)
I think it sould be added in the book profit.
1). Additions to net profit: Where followings amount (form I to IX) debited to profit & loss account:- Amount of income tax paid or payable and the provision thereof. ( the word “Income Tax” includes CDT u/s 115-O, Interest under income tax act, Education Cess, Income tax and others)
No,
Only interest on income tax is to be added .
Interest relating to any other tax is not requiredto be added.
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
