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Section 115jb

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(Querist)
30 September 2014 RESPECTED SIR,
SIR I HAVE A DOUBT,that whether MAT is to be calculated if company has book loss during the financial year.
i think MAT is to be calculated when there is book profit.
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MOHAMMAD SALIM

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MOHAMMAD SALIM (Expert)
04 October 2014 MAT is on book profit and thus in case of book loss no MAT is payable....

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