MAT VS. 88E
This query is : Resolved
08 January 2008
Whether the expression occuring in section 115JB "the income-tax, payable on the total income as computed under this Act" may be interpreted as 'income-tax payable before rebate u/s 88E'
OR
The legislature had meant it as 'income-tax payable after rebate u/s 88E'
Please apprise if any Court of Law has decided this issue.
Thankx and regards
OR
The legislature had meant it as 'income-tax payable after rebate u/s 88E'
Please apprise if any Court of Law has decided this issue.
Thankx and regards
08 January 2008
mat vs. 88e
27 February 2008
Any rebate can be cal culated only after determining the tax. It is therefore obvious.
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