Book profit for mat
This query is : Resolved
27 February 2012
Dear Sir,
While determining the MAT, we have to arrive at Book Profit.
Normal Net Profit after all deduction ( including Directors' Remuneration of 20 lacs)) comes to Rs.5 lacs.
Now, to calculate MAT, while arriving at Book Profit, do we have to add this Directors' Remuneration of 20 lacs in normal profit of 5 lacs ?
Pl. guide me.
thanks
anckoora
While determining the MAT, we have to arrive at Book Profit.
Normal Net Profit after all deduction ( including Directors' Remuneration of 20 lacs)) comes to Rs.5 lacs.
Now, to calculate MAT, while arriving at Book Profit, do we have to add this Directors' Remuneration of 20 lacs in normal profit of 5 lacs ?
Pl. guide me.
thanks
anckoora
27 February 2012
No need to add back director's remuneration, since it is an expense either by way of actual payment or created by way of an ascertained liability.
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