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115JB

News

Govt invites suggestion on MAT framework for computation of book profit


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 28th April 2016 Subject Framework for computation of book profit for the purposes of levy of MAT u

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Amendment in MAT provisions for foreign company


Government Decides to Amend Income Tax Act 1961 so that with Effect from 1st April 2001 the Provisions of Section 115JB Shall Not be Applicable to a Foreign Company If the Foreign Company is a Residen

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Experts Opinions

Applicability of sec115jb


IS THERE ANY APPLICABILITY OF THE PROVISION OF SEC 115JB IF THE COMPANY IS INCURING LOSS IN THE FY PLZ REPLY

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Minimum alternative tax u/s 115jb


Hi Small clarification regarding MAT provisions if a company has sold unlisted shares earned profit but as per income tax computation we separately shown under Long term Capital gain u s 45 but capita

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Section 115jb


Whether Provision for Gratuity and short term Capital loss to be considered while calculating book profit under section 115JB MAT Please explain

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Section 115jb


profit on sale of rural agricultural land which is tax exempt is deducted while computing profit u s 115JB or not

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Sec 115jb


DEAR SIR PRIVATE COMPANY WHICH IS ENJOYING TAX HOLIDAY PERIOD AS FOOD PROCESSING UNIT CASHENUT IS LIABLE TO PAY MAT THNX IN ADVANCE WAITING FOR YOUR REPLY HAVE A NICE DAY

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Discussion

Doubt about 115jb

Hey Guys I have a query One of my client Private Limited Company has incurred losses of Rs 20 00 000 in A Y 2014 15 however in A Y 2015 16 it managed to earn profit of Rs 2 00 000 So now prevoius loss

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Section 115jb not applicable to a foreign company:cbdt

CBDT on 24 09 2015 has issued a press release in which it is mentioned that Government of India has Decides to Amend Income Tax Act 1961 so that with Effect from 1st April 2001 the Provisions of Secti

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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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File Download

  • 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

Section 115JB of the income tax act


SECTION 115JB OF INCOME TAX ACT 1961 SPECIAL PROVISION FOR PAYMENT OF TAX BY CERTAIN COMPANIES AFTER BUDGET 2016 This section is nothing but the Minimum Tax that a company is required to pay This sect


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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 : 7/27/2016 9:48:09 PM


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