115JB
This query is : Resolved
23 September 2009
Summary of question is as under ------
a)Taxable income under normal provision is Rs 9655190.
b)Book Profit is Rs. 22976855.
c) Mat credit available u/s 115JAA is Rs. 3950193.
d) TDS amounted to Rs. 337238.
e) Advansed Tax Deposited Rs. 15Lac.
What will Tax liability of company?
a)Taxable income under normal provision is Rs 9655190.
b)Book Profit is Rs. 22976855.
c) Mat credit available u/s 115JAA is Rs. 3950193.
d) TDS amounted to Rs. 337238.
e) Advansed Tax Deposited Rs. 15Lac.
What will Tax liability of company?
23 September 2009
I.T. Act Income 96,55,190 Tax @30.90% = 29,83,454
Book Profit 2,29,76,855 Tax @11.33% = 26,03,278
Tax Liability 29,83,454
TDS 3,37,238
Adv. Tax 15,00,000
MAT Credit 3,80,176
Balance Payable 7,66,040
Book Profit 2,29,76,855 Tax @11.33% = 26,03,278
Tax Liability 29,83,454
TDS 3,37,238
Adv. Tax 15,00,000
MAT Credit 3,80,176
Balance Payable 7,66,040
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