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
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