For computation of MAT under section 115 JB Company need to consider the profit as per annual report for the year. This be the case the every company should have accounting year from April to March only as comparison of book and tax profit for tax purpose in not possible if uniform period for computing the tax amount is not ensured.
But in case company is having accounting period different from April to March say it may have January to December. How that compliance under this section (115 JB) is ensured?
Re-computation of profit for balance period i.e. from January to March is not surely the answer as the recomputed amount will not be those given in original annual report (as required under the said section) and will affect the calculation of deferred tax etc.,