Matcalculation
This query is : Resolved
Rajesh Goyal
(Querist)
17 November 2012
DEAR SIR,
KINDLY SUGGEST ABOUT TAX PAYABLE CONSIDERING MAT PROVISIONS..
PBT-4716
DEPN-CO.S ACT- Rs. 2577/-
DEPN-IT ACT-Rs. 34250/-
REGDS,
KINDLY SUGGEST ABOUT TAX PAYABLE CONSIDERING MAT PROVISIONS..
PBT-4716
DEPN-CO.S ACT- Rs. 2577/-
DEPN-IT ACT-Rs. 34250/-
REGDS,
CA SAYANTAN BASU
(Expert)
19 November 2012
DEAR SIR ,
THIS IS THE CASE OF SECTION 115 JB.
BCOZ THE ENTITY DOES NOT TAXABLE PROFIT .....
TAXABLE PROFIT = Rs (4716+2577-34250)= Rs (26957)
SO MAT PROVISIONS WILL BE APPLICABLE....
SO I CONSIDER BOOK PROFIT AS RS 4716 AS YOU HAVE NOT MENTIONED AFTER DEPN OR NOT ......
MAT =30%*18.5%*BOOK PROFIT .....
SO THE MAT WILL BE : 30% *18.5% * 4716 = RS 261.78
THIS IS THE CASE OF SECTION 115 JB.
BCOZ THE ENTITY DOES NOT TAXABLE PROFIT .....
TAXABLE PROFIT = Rs (4716+2577-34250)= Rs (26957)
SO MAT PROVISIONS WILL BE APPLICABLE....
SO I CONSIDER BOOK PROFIT AS RS 4716 AS YOU HAVE NOT MENTIONED AFTER DEPN OR NOT ......
MAT =30%*18.5%*BOOK PROFIT .....
SO THE MAT WILL BE : 30% *18.5% * 4716 = RS 261.78
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