MAT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 November 2009
Respected Experts,
I have a question - that a private limited co which is incorporated in last year & made a profit in first year of its operation, then for computing its income tax in related assessment year, is MAT provision will be applied or not?
Thanks
Debashis
I have a question - that a private limited co which is incorporated in last year & made a profit in first year of its operation, then for computing its income tax in related assessment year, is MAT provision will be applied or not?
Thanks
Debashis
09 November 2009
Depends on the figures. If there is profit, tax is to be computed under two methods and to see the liability arises either under normal provisions or under MAT.
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