Please help me calculate MAT liability for a Pvt Ltd company with the following financials
FY Profit before Tax Depreciation (Cos Act) Depreciation (IT Act)
2012 -30,54,583 6,44,057 19,32,804
2013 -33,69,293 18,21,101 15,34,702
2014 8,93,093 16,13,453 14,50,220
2015 8,21,799 21,82,200 13,08,355
2016 2,14,623 12,07,695 11,72,776
2017 17,26,841 19,70,512 11,38,818

Profit before tax is as per companies act after depreciation.

The landlord is AOP whose Taxable income for F.Y 2016-17 is below the amount not chargeable to tax I.e less than Rs.2.50 lakhs.(b).Thus,AOP is not mandatory required to obtain PAN No.u/s 139(1) of Income Tax Act.(c).The employer-company of the Tenant is insisting that since the rent paid per month exceeds Rs.12000 the landlord AOP must furnish it's PAN no
Please advise.R.Dayal(22/5)

The definitions under Rule 2(c) of the Companies (Acceptance of deposits) rules, 2014 specifically excludes amount received from any company from the purview of deposits vide sub-clause (vi). Under sub-clause (xii) of Rule 2(c), any amount received as an advance for supply of goods which has not been adjusted for a period of 365 days from the receipt of such advance is covered under the definition of deposits. Now, in a case where a company gives an advance to another company for supply of goods, would such transaction get covered under sub-clause (vi) and stands outside the ambit of deposits? or should that be seen with the conditions stipulated under sub-clause (xii)?

Dear Exparts, Kindly help me for Imapct of GST on Work Contact service and what is provision for the same.

would like to confirm the applicability of TDS on payment of salary to nepal based employees in the following cases: 1. Some employees having PAN numbers at India and working in Nepal. 2. Some employees having PAN number at Nepal address and working in Nepal. 3. Some employees does not have PAN number and having address of Nepal.

Sir , we are importing edible oil from other countries. as per latest notification 15/2017 service tax. Can we pay service tax on import freight kindly confirm. Regards P. Srinivas

In context of ay 15~16

Sir,
269ss and 269st restricts cash transaction of accepting any loan and refund of the same in excess of 20000
Bt what if I provide a loan of 30000 in cash and accepts the same amount in cash?
Will it be admissible in my hands

Dear Sirs,

Whether TDS on interest payable to HDFC Limited (not HDFC Bank Limited) Require or not ?

Company being covered under tax audit but do not any cash sales above Rs. 200000/- and nor such payment to credit card or term deposit paid via cash. Also, there is no cash deposit in the specified period . whether still need to report under form 61A?
Please help

Dear Sir/Ma'am

Is it mandatory to file Nil Form 61A if there are no cash receipts exceeding Rs.2,00,000 for the assessees liable under tax audits? Please clarify on 2 lacs limit.

Thanks in advance
Priya