MAT Book Profit: Deduction u/s 80HHC to Be Based on Book Profit, Not Income Tax Act Profit.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....MAT (Minimum alternate tax) - for the purpose of the book profit, deduction under section 80HHC is to be computed with reference to the book profit and not with reference to the profit computed under the Income Tax Act. .... - AT....