Mat credit adjustment

This query is : Resolved 

28 April 2012

my co is regd with stpi
i have during the fy 2011-2012
net profit as per income tax is rs 20 lac
and book profit is rs 18 lacs
net tax liablity is rs 5 lac
and mat credit c/f is rs 6 lac
how i calculate current year tax paybale and c/f mat credit

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
09 May 2012

Against the current years taxable income tax is to be calculated and the b/f of MAT credit is to be adjusted and balance MAT credit is to be c/f

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x
Download GST App    |    x