The Section 115JB book-profit computation, worked out line by line from your P&L figures — Total Additions, Total Deductions, and Book Profit computed for you. The MAT rate itself is left for you to apply, since rates/surcharge/cess brackets are amended most years.
[See rule 40B] — Report under section 115JB of the Income-tax Act, 1961, for computing the book profits of a company.
We have examined the books of account of ___ (PAN: ___) for the previous year ended ___, relevant to Assessment Year ___, and certify that the book profit computed in accordance with Section 115JB of the Income-tax Act, 1961 is as under:
This computation lists the most common Explanation 1 additions/deductions; verify the complete itemised list in Section 115JB Explanation 1 for any less-common adjustment relevant to this entity (e.g. amounts under Section 115JB(2A) for Ind AS companies' transition adjustments, or deferred tax) before finalising.
This template follows the format published by the Institute of Chartered Accountants of India (ICAI) in the AASB Audit Working Paper Templates (June 2023), the authoritative reference for Indian statutory-audit documentation. Fill in your firm’s letterhead and the engagement details on the form above, click Download Word file, and you’ll get a fully formatted .docx ready to use.
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