For computing the book profit under section 115JB which of the following is not added back to the profits ?

CS Executive · Tax Laws and Practice · PYQS · June 2021
For computing the book profit under section 115JB which of the following is not added back to the profits ?
(A) Provision for diminution in value of investment
(B) Securities Transaction Tax
(C) Proposed dividend
(D) Provision for deferred tax

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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