Steps involved in computation of Book Profit under MAT regime are as follows:
(A) Arrive NP as per statement of P/L A/C of the company.
(B) Specific adjustments in case of merger.
(C) Make adjustments pertaining to OCI items.
(D) Adjust the book profit with stipulated exclusion and inclusion.
(E) Net amount of Book Profit for application of MAT rate
Choose the correct sequence from the options given below:
1
(A), (D), (B), (C), (E)
2
(A), (B), (D), (C), (E)
3
(A), (C), (B), (D), (E)
4
(A), (B), (C), (D), (E)