Net Profit/Loss as per
Profit & Loss Account
Add:1. Provision for Income Tax
2. Amount Carried to any Reserve
3. Amount set aside to meet any unascertained liabilities including deferred tax and provisions thereof
4. Proposed or paid dividend
5. Expenditure relatable to Income which is exempt
Less:1. Amount withdrawn from any reserve
2. Exempt Income
3. Amount of loss brought forward or
unabsorbed depreciation whichever is less
Note: Income exempt u/s 10A, 10B & long term capital gain exempt
exempt u/s 10(36) will not be deducted while computing Book profit for
MAT.