Leasehold and Unclassified Land Amortization Follows ICAI Standards 10 and 6, Complies with Companies Act and Section 115JB MAT Rules.

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....MAT - Book profit - Amortization of lease hold land has been made as per accounting standard 10 of ICAI and amortization of land unclassified as per Accounting Standard 6 of ICAI and in view of CAG, which has been done to meet the requirement of companies Act and amortization of land is permitted u/s 115JB. - AT....