Taxcharcha
Income TaxLatestUncategorized

Methodology for recomputation of book profit under section 115JB of the Income tax Act, 1961 in certain cases

extension of due date of income tax return

The Central Board of Direct Taxes (CBDT) has released the Notification No. 92/2021 in which the method of re-computation of Book profit under section 115JB has been prescribed on account of past income arising on account of advance pricing agreement entered into by the assessee under section 92CC or on account of secondary adjustment required to be made under section 92CE.

To view and download the Notification, click here Notification

 

Related posts

Instructions regarding selection of cases for issue of notice u/s. 148 of the Income tax act

Team Taxcharcha

CBIC exempts Registered persons having Aggregate Turnover upto Rs. 2 Crores

Team Taxcharcha