Income Tax Calculation
This query is : Resolved
17 February 2009
I am making projection for 5 years for pvt ltd co.
Net loss for Year 1 Rs (100)Lacs
Net loss for Year 2 Rs (150)Lacs
Net loss for Year 3 Rs(300)Lacs
Net profit for Year 4 - Rs 800 Lacs
Net Profit for Year 5 - Rs 1000 Lacs
What will be tax liability for Year 4 & Year 5 . Whether it will be normal tax rate applicable or MAT. Can you explain with example and in detail manner
I am making projection for 5 years for pvt ltd co.
Net loss for Year 1 Rs (100)Lacs
Net loss for Year 2 Rs (150)Lacs
Net loss for Year 3 Rs(300)Lacs
Net profit for Year 4 - Rs 800 Lacs
Net Profit for Year 5 - Rs 1000 Lacs
What will be tax liability for Year 4 & Year 5 . Whether it will be normal tax rate applicable or MAT. Can you explain with example and in detail manner
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