Mat u/s 115jb
This query is : Resolved
CA Chetan Singhal
(Querist)
18 September 2012
sir,
my income from business is rs. 250000 and my firm is partner in another partnership firm also from that partnership firm i have earned profit of rs. 50000 so my total income is rs. 300000.
I want to know the book profit for MAT purpose on which i have to pay tax whether on 250000 or 300000 please give link also
my income from business is rs. 250000 and my firm is partner in another partnership firm also from that partnership firm i have earned profit of rs. 50000 so my total income is rs. 300000.
I want to know the book profit for MAT purpose on which i have to pay tax whether on 250000 or 300000 please give link also
Pankaj Gupta
(Expert)
18 September 2012
I don't understand your question as you are applying the provisions of mat on individual while it is applicable on companies only.
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