mat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 January 2010 who to calculate mat on loss
if our company has loss of rs 1.40 cror in last year and current year co have profit of 1.30 so that we have paid mat .10 lacs only pl let me know

Aditya Maheshwari

Aditya Maheshwari (Expert)
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15 January 2010 MAT to be calculated as per provisions of Section 115JB. Brought forward loss or unabsorbed depreciation as per books whichever is less is allowable as a deduction from book profits

Querist : Anonymous

Querist : Anonymous (Querist)

18 January 2010 Thks

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