Income tax computation
This query is : Resolved
24 April 2014
X Ltd company is claiming exemption under 80IA, 80IAB from 4 years in calculation of income tax as per income tax act, due to 80IA, 80IAB exemption They calculating tax as per MAT..., current year XLtd is having Loss as per Income tax act, as well as book loss for MAT.. what is tax treatment....What is the MAT Credit treatment???
26 April 2014
There will be no levy of MAT. Losses as per it act shall be c/f normly. MAT credit can be availed only when normal tax is greater than MAT. Here there is no tax payble hence no ques of credit.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- NRI starting business in India
- FCRA 6 E- Intimation
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Filling ITR - U
- Invertaded duty struture
- Eway bill not cancelled within 24 hous what can be due
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
