Mat calculation in case of loss (Students)

This query is : Resolved

Author : Anonymous

( Author )
03 August 2012

Respected Sir,

Please give me procedure for Calculating MAT in case of loss in profit and loss a/c. (If any)

CA CS Amit S. Kedia

If there is loss as per books also then there will not be any MAT.
You will have to calculate Book profit as per section 115JB

CA Amit Jaiswal

Tax liability may arise if the Book Profits as per sec 115JB are more than the Profit as per P&L A/c

Author : Anonymous

( Author )
08 August 2012

thanks sir

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