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

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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