Income from AOP not taxable under normal Income Tax Act provisions; exempt from MAT u/s 115JB.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Taxability of share of income from AOP u/s 115JB - Book Profit - when the share of AOP was not taxable under the normal provision of the Income Tax Act than it cannot be brought to be taxed under MAT....




TaxTMI
TaxTMI