Mat applicability
This query is : Resolved
vanka.sujatha
(Querist)
25 October 2012
Every company shall liable to pay a MAT if its normal tax payable on book profit is less than 18.5% of its book profit.But,If there is no book profit(i.e.there is a loss in the statement of Profit and loss prepared as per companies act) is it applicable
Rathin Roy
(Expert)
25 October 2012
No MAT is payable if there is no Book profit as computed under MAT provisions.
vanka.sujatha
(Querist)
25 October 2012
I know this but my doubt is there any necessity to prepare computation as per 115JB and Form 29B
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