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
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Scrutiny assessments u/s 143(2) for AY 25-26
- Capital Gain on EUITY Shares
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- NON- SUBMISSION OF LLP FORM 3
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
CAclubindia
