Calculation under mat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2013
Sir,
When my tax payable on normal rate is more than MAT say Rs.X ( excl. cess), I have MAT credit available b/f from previous years, then MAT credit is to be deducted from Rs.X or Rs.X + Cess?
When my tax payable on normal rate is more than MAT say Rs.X ( excl. cess), I have MAT credit available b/f from previous years, then MAT credit is to be deducted from Rs.X or Rs.X + Cess?
14 August 2013
it should be deducted from Rs x only i.e is excluding cess and later cess will be charged for bal if any tax payable.
Message likes :
1 times
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
- Can we claim ITC in 28%
- Regarding E-invoice Generation
- Forgot to update debit note in gst
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Credit note Issue reg
- Can we claim RCM ITC paid on Gst audit of earlier years,
- Loans and borrowing
- Running non ac bus under contract with roadways
- GST ITC on Liquidated damages
- Accounting Policies changes
- GST NUMBER REGARDING
- Ferrous scrap purchased for Rs 50000 cash payment is allocable
- GST APPLICATION
- CERTIFIED TRUE COPY OF PARTNERSHIP DEED
- PARTNERSHIP FIRM REGISTARTION
- TDS on Immovable property to an NRI
- Revenue stamp for individual to Individual
- Regarding updated Return After Submission of Income Tax Audit Report
- Tds on GST in connection with sale to public company
- B2B Amendment
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
