Mat calculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2013
Respected Sir/Madam,
I am handling a company which is liable to pay Income Tax under MAT Calculation. But I am confused as I have not charged Income Tax payable to Profit and Loss A/c. So, should I add back Income Tax payable in MAT Calculation or not?
Please guide me. Waiting for reply.
Thanking you
I am handling a company which is liable to pay Income Tax under MAT Calculation. But I am confused as I have not charged Income Tax payable to Profit and Loss A/c. So, should I add back Income Tax payable in MAT Calculation or not?
Please guide me. Waiting for reply.
Thanking you
21 September 2013
What is not charged to P&L, cannot be added back!!
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