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115JB

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115jb


A company has incurred losses for FY 2012 2013 and FY 2013 2014 There was neither normal tax nor MAT For FY 2014 2015 the company has made profits There is no normal tax for FY 2014 2015 since I have

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115jb brought forward of loss


Dear Sir While computing brought forward loss to be set off while doing MAT computation can also take deferred tax loss incured by the company in previous years That is whether deferred tax loss is fo

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Mat 115jb (urgent)


FY 2013 14 is the first year of operation of the company Sales 10000 Purchase Expenses 10500 Depreciation 1000 Loss 1500 Deferred Tax Liability 400 Amount carried to BS 1900 FY 2014 15 is a profit of

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Mat 115jb (urgent)


FY 2013 14 is the first year of operation of the company Sales 10000 Purchase Expenses 10500 Depreciation 1000 Loss 1500 Deferred Tax Liability 400 Amount carried to BS 1900 FY 2014 15 is a profit of

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Section 115jb


should 234E fee for defaults in furnishing statement be added to book profit while computing book profit under section 115JB is that treated as interest which covers explanation 2 to section 115JB

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Discussion

Mat u/s 115jb

Would there be a MAT liabililty on a trading Pvt Ltd Co which made a profit of Rs 50 Lacs in AY 2015 2016 which had made a loss of Rs 50 Lacs in AY 2014 2015 there was a total carried forward loss of

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Mat 115jb

WE HAVE AN AUDIT OF PRIVATE LTD CO ITS CURRENT YEAR PROFIT IS RS 373351 AS PER BOOKS OF ACCOUNT BROUGHT FORWARD LOSSES AS PER COMPANY BOOKS OF ACCOUNT RS 388586 AND UNABSORBTION DEPRECIATION IS NIL AS

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Applicability of form 29b u/s 115jb

Is Form 29B is mandatory to the company which has book profit but no MAT liablity arise in computation u s 115JB

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Unabsorbed depreciation u/s 115jb

Is earlier years impairment of asset beincluded while calculating Book depreciation for brought forward loss calculation under MAT Provisions If yes Which section or judgement says so

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Regarding 115jb

If a Profit making company amalgamates a sick industrial undertaking whether MAT exemption will apply to the amalgamated company after amalgamation in respect of profit portion of that sick unit as pe

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  • Mandatory E-filling of Audit Report u/s 44AB, 92E & 115JB

    Mandatory E filling of Audit Report u s 44AB 92E 115JB Relevant for A Y 2013 14

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  • E-Filling of audit reports u/s 44AB,92E & 115JB

    Mandatory E Filling from A Y 2013 14 onwards

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  • Computation of Book Profit & MAT

    Computation of MAT Liability u s 115JB

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  • An easy approach to compute MAT and Deferred Tax

    A very easy file showing the steps to compute MAT u s 115JB and DTA DTL under AS 22

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  • MAT - U/S 115JB

    Minimum Alternate Tax 115 JB of Income Tax Act 1961

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Articles

Profit and Gain under presumptive basis vis-a-vis Section 115JB


As the number of zero tax companies and companies paying marginal tax had grown the Minimum Alternate Tax Provision has been inserted in the Income Tax Act It was felt that various concession given un


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Updated on : 8/2/2015 11:15:09 PM



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