Mat calculation in case of loss


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Querist : Anonymous

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Querist : Anonymous (Querist)
03 August 2012 Respected Sir,

Please give me procedure for Calculating MAT in case of loss in profit and loss a/c. (If any)

03 August 2012 If there is loss as per books also then there will not be any MAT.
You will have to calculate Book profit as per section 115JB

03 August 2012 Tax liability may arise if the Book Profits as per sec 115JB are more than the Profit as per P&L A/c

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 August 2012 thanks sir


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