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Effect of Additions in income over MAT
If my income is increased during the assessment by the AO. Then will it affect my taxability under 115JB? i.e. do i need to revise my MAT calculations after the additions are made by AO.
Replies (2)
a tthe time of assessment the ITO will take care of this and will revise the income for calculation of tax. no need to revise your calculation as per my opinion
Assessee has to pay difference in MAT on the revised Income. You dont have to revise your MAT calculations anyhow.
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