https://www.taxtmi.com/acts?id=8641 Amendment redesignates the Explanation as Explanation 1, prescribes that deferred tax debited to profit and loss be deducted and deferred tax credited be added back in computing book profit, and introduces Explanation 2 defining "amount of income tax" to include tax on distributed profits or income, interest, surcharge, Education Cess, and Secondary and Higher Education Cess for purposes of section 115JB. en-us Thu, 01 May 2008 18:06:16 +0530 Thu, 08 May 2008 09:21:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8641 Amendment redesignates the Explanation as Explanation 1, prescribes that deferred tax debited to profit and loss be deducted and deferred tax credited be added back in computing book profit, and introduces Explanation 2 defining "amount of income tax" to include tax on distributed profits or income, interest, surcharge, Education Cess, and Secondary and Higher Education Cess for purposes of section 115JB. Act-Rules F. Acts / Amendment Acts Thu, 01 May 2008 18:06:16 +0530 https://www.taxtmi.com/acts?id=8641