https://www.taxtmi.com/forum/issue?id=2486 Whether write offs of provisions for doubtful debts and stock affect computation under Minimum Alternate Tax (book profit). One view: MAT is based on book profit, so writing off provisions does not reduce book profit and cannot be deducted. Another view: provisions for diminution in asset value (including stock) when withdrawn and credited to P&L may be considered under the statutory item reducing book profit; section 115JB should be examined with full facts. en-us Wed, 15 Dec 2010 02:05:30 +0530 Thu, 23 Jan 2025 15:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2486 Whether write offs of provisions for doubtful debts and stock affect computation under Minimum Alternate Tax (book profit). One view: MAT is based on book profit, so writing off provisions does not reduce book profit and cannot be deducted. Another view: provisions for diminution in asset value (including stock) when withdrawn and credited to P&L may be considered under the statutory item reducing book profit; section 115JB should be examined with full facts. Discussion-Forum Income Tax Wed, 15 Dec 2010 02:05:30 +0530 https://www.taxtmi.com/forum/issue?id=2486