MAT calculation

Starting Point: Net Profit as per P&L Statement.

General Rule: If the profit or loss on the sale of a fixed asset is already included in your net profit, no further adjustment is needed for MAT purposes because the list of additions and deductions in Section 115JB is exhaustive.

Revaluation: Only adjustments related to Revaluation Reserves (as described in the Act) should be made if applicable to your financial statements.