Income Tax - Book profit adjustment - MAT u/s 115JB - provision for retirement benefits As per this clause (f) of section 43B, the expenses of leave encashment are allowable on an actual payment basis. No corresponding amendment, however, was brought about in Section 115JB of the Act, with the result that the provisions for expenses accrued and ascertained shall be allowed while computing book profits under MAT - Tri

Income Tax - Book profit adjustment - MAT u/s 115JB - provision for retirement benefits As per this clause (f) of section 43B, the expenses of leave encashment are allowable on an actual payment basis. No corresponding amendment, however, was brought about in Section 115JB of the Act, with the result that the provisions for expenses accrued and ascertained shall be allowed while computing book profits under MAT - Tri....................