Retention Money Excluded from Book Profits Calculation u/s 115JB of Income Tax Act.

Retention Money Excluded from Book Profits Calculation u/s 115JB of Income Tax Act. https://www.taxtmi.com/highlights?id=33584 MAT - the retention money cannot be regarded as income even for the purpose of book profits u/s.115JB of the Act though credited in the profit and loss account and have to be excluded for arriving at the book profits u/s.115JB - AT en-us Mon, 06 Mar 2017 09:07:13 +0530 Mon, 06 Mar 2017 10:13:15 +0530 TaxTMI RSS Generator Retention Money Excluded from Book Profits Calculation u/s 115JB of Income Tax Act. https://www.taxtmi.com/highlights?id=33584 MAT - the retention money cannot be regarded as income even for the purpose of book profits u/s.115JB of the Act though credited in the profit and loss account and have to be excluded for arriving at the book profits u/s.115JB - AT Highlights Income Tax Mon, 06 Mar 2017 09:07:13 +0530 https://www.taxtmi.com/highlights?id=33584