The index started out positive and made intraday high by 158 points, before it succumbed to profit-taking as investors thought it prudent to book profit
regardless of the reduced political noise and announcement of Senate elections on March 3, paving way for timely conduct of general elections.
The existing provisions of section 115JB of the Income-tax Act, 1961 (the Act), inter alia, provide, that, for the purposes of levy of Minimum Alternate Tax (MAT) in case of a company, the amount of loss brought forward or unabsorbed depreciation, whichever is less as per books of account shall be reduced from the book profit
With effect from Financial Year 2017-18, the Central Board of Direct Taxes (CBDT) stated that a company against whom an application for corporate insolvency resolution process has been admitted by the Adjudicating Authority under section 7 or section 9 or section 10 of the IBC, the amount of total loss brought forward (including unabsorbed depreciation) shall be allowed to be reduced from the book profit
for the purposes of levy of MAT under section 115JB of the Income-tax Act, 1961.
Thus, it would be better for investors, particularly retail investors, to book profit
and stay put.
The investors have off-loaded some positions to book profit
but at same some of them also took the positions when the index touches low which caused an increase in the turnover of the market", he added.
In the first year, as well as in part of the second of its operation, Sareb will book profit
ING said previously the divestment would bring a book profit
of EUR335m as well as a capital release of about EUR530m.
Analysts believe that investors, during the week, may continue their focus on property, telecoms and banking stocks to book profit
and defying the political situation in the region.
The deal will result in a small book profit
for AvH, the company said in a statement.
The book profit
on the sale of the 50% interest amounts to approximately Ell million and will be incorporated in the half-year figures of TenCate.
The transaction will result in a book profit
of approximately NOK100m and net cash of NOK180m, Rem Offshore said.
The sale will yield a minimum book profit
of pounds 450,000.