Mat caluculation
This query is : Resolved
BHUPENDER SHARMA
(Querist)
22 June 2013
Pl tell me the what is the procedure of MAT Calculation ?????
Rupesh Jain
(Expert)
22 June 2013
if income tax payable under income tax 1961
is lower then
income tax on book profit of the company
then you pay Mat on bookd profit
is lower then
income tax on book profit of the company
then you pay Mat on bookd profit
CA Kapil Verma
(Expert)
22 June 2013
please refer section 115JB of income tax for detail
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