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
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