Calculation of MAT u/s 115JB
This query is : Resolved
20 September 2008
I WANT TO UNDERSTAND WHETHER MAT CALCULATION AND CERTIFICATE IN FORM 29B IS APPLICABLE IN CASE OF NET LOSS.
20 September 2008
If the profit and loss account approved by the shareholders ( placed before the shareholders in the AGM) shows only a loss, there is no question of 115 JB if such loss contnues tb be a loss after making the adjustments as per the said S.115JB. If no MAT tax is payable, no need for 29B certification.
20 September 2008
In calculations of MAT Net profit means whether PAT or PBT?
Further Income tax,Deferred tax and FBT provisions are deducted from net profit is it correct? If Yes, then what will be the adjustment in case of deferreed tax assets?
Further Income tax,Deferred tax and FBT provisions are deducted from net profit is it correct? If Yes, then what will be the adjustment in case of deferreed tax assets?
20 September 2008
Under efiling utility return, the caluclation happens automatically in that section, those steps will guide to give a better understanding of the working for MAT.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- Annual return in Gst
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
