https://www.taxtmi.com/forum/issue?id=108114 Proposed amendments exclude from book profit for MAT computation the share of a member of an AOP that is exempt under the Act and income of a Foreign Institutional Investor from securities transactions treated as capital gains (excluding certain short-term capital gains where STT is not chargeable). Corresponding expenditures debited to the profit and loss account that relate to these excluded amounts are to be added back to book profit. New explanatory clauses will implement these reductions and matching add-backs in the book profit definition for MAT. en-us Sat, 28 Feb 2015 20:01:28 +0530 Thu, 23 Jan 2025 15:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108114 Proposed amendments exclude from book profit for MAT computation the share of a member of an AOP that is exempt under the Act and income of a Foreign Institutional Investor from securities transactions treated as capital gains (excluding certain short-term capital gains where STT is not chargeable). Corresponding expenditures debited to the profit and loss account that relate to these excluded amounts are to be added back to book profit. New explanatory clauses will implement these reductions and matching add-backs in the book profit definition for MAT. Discussion-Forum Income Tax Sat, 28 Feb 2015 20:01:28 +0530 https://www.taxtmi.com/forum/issue?id=108114