Book profit u/s 115JB to be reduced by Exempted Capital gain
Book profit u/s 115JB to be reduced by Exempted Capital gain Q; Whether the profit arising on transfer of development rights to the fully owned subsidiary company is required to be included in the book profit under Section 115JB of the Income Tax Act, 1961(the Act) ? If a receipt/gain is not “income” within the… Read More »