MAT CALCULATION
This query is : Resolved
27 September 2008
If book profit of a company exceeds Rs.1 crore the MAT cannot exceed following
(Rs 10 Lakh+Book profit-1Crore )+EC+SHEC
What is that meaning
(Rs 10 Lakh+Book profit-1Crore )+EC+SHEC
What is that meaning
28 September 2008
Suppose book profit of any company is 10200000 than MAT will be equal to
= (10,00,000+10200000-10000000)+2640+1320
= 1203960
Normal MAT =10% of 10200000+SC+EC+HEC
= 11,55,660
So here which ever is lower applicable and we have to pay calculated 11,56,660
= (10,00,000+10200000-10000000)+2640+1320
= 1203960
Normal MAT =10% of 10200000+SC+EC+HEC
= 11,55,660
So here which ever is lower applicable and we have to pay calculated 11,56,660
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- Tds on commission charges
- Applicability of GST on Salary Reimbursement Component
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Dep. as per companies act
- Minimum tax payable to file Updated return
- Renovation exp. in flat by family member
- Change Of Karta In Case of Death
- New GST registration for new place of business.
- FAST-DS Scheme - Foreign Assets
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
CCI
Pro
CAclubindia
