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Answer Posted / mehraj wani
PAT can be same as PBT in several cases . some of the cases
are as under:
1) A company enjoying the tax benefit under tax holiday in
the industrially backword states like J&K(there a company
can enjoy tax holiday for 10 years).
2) At times when company is carry forwarding the previous
losses, the company is exempted for tax.
| Is This Answer Correct ? | 15 Yes | 2 No |
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