Mat
This query is : Resolved
28 March 2016
which companies are required to pay MAT under income tax act. and what is section 15jjb for.
28 March 2016
Sec 115JB is for payment of minimum alternate tax by assessee.
As per this section, an assessee, being company (formed under companies act) is required to pay tax higher of:
tax calculated at specified rate on book profit (currently the rate is 18.50% + applicable surcharge and cess). This is called Minimum Alternate Tax or
tax as per normal provisions of tax.
As per this section, an assessee, being company (formed under companies act) is required to pay tax higher of:
tax calculated at specified rate on book profit (currently the rate is 18.50% + applicable surcharge and cess). This is called Minimum Alternate Tax or
tax as per normal provisions of tax.
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.
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- When TDS on GST applied
- TDS APPLICABILITY......
- Copyright software
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
