MAT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2010
Is Surcharge and Education Cess to be applied on Minimum Alternate Tax u/s 115JB to compute Tax on Book Profit?
CA Sanat Pyne
(Expert)
24 June 2010
YES SERCHARGE( 1 CRORE LIMIT)EDUCATION CESS & H. CESS IS APPLICABLE WHILE CALCULATING MAT.
24 June 2010
agreed with pyne surhcarge is if book profit is exceed Rs.1crore, while ed cess & H.ed cess is applicable without any limit
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