https://www.taxtmi.com/manuals?id=1202 Computation of book profits for MAT requires reducing specific items credited to profit and loss: withdrawals from reserves/provisions created by debiting profit and loss; exempt incomes credited to profit and loss; depreciation charged (excluding revaluation depreciation) and limited revaluation reserve withdrawals; share of profit from tax free AOP/BOI; certain foreign company incomes or capital gains on securities taxed below the specified threshold; notional gains or losses and transfers related to SPV shares and business trust units; royalty under the specified provision; tonnage tax company profits; deferred tax credited; and specified rules for carrying forward and setting off unabsorbed losses and depreciation. en-us Wed, 23 Sep 2015 15:55:00 +0530 Sat, 19 Oct 2024 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1202 Computation of book profits for MAT requires reducing specific items credited to profit and loss: withdrawals from reserves/provisions created by debiting profit and loss; exempt incomes credited to profit and loss; depreciation charged (excluding revaluation depreciation) and limited revaluation reserve withdrawals; share of profit from tax free AOP/BOI; certain foreign company incomes or capital gains on securities taxed below the specified threshold; notional gains or losses and transfers related to SPV shares and business trust units; royalty under the specified provision; tonnage tax company profits; deferred tax credited; and specified rules for carrying forward and setting off unabsorbed losses and depreciation. Manuals Income Tax Wed, 23 Sep 2015 15:55:00 +0530 https://www.taxtmi.com/manuals?id=1202