minimum alternate tax...
This query is : Resolved
24 April 2008
when is minimum alternate tax applicable?...how is it calculated??...
25 April 2008
Minimum Alternative Tax ( MAT) is payable by a company if the tax liability as per the normal computation of income is less than 10% ( plus surcharge, cess etc.)of the book profit of the company.
MAT is charged @10%( plus surcharge, cess etc.) of the book profit and the book profit is calculated u/s 115JB as certain adjutments ( + and -) to the net profit as disclosed in the profit & loss account.
MAT is charged @10%( plus surcharge, cess etc.) of the book profit and the book profit is calculated u/s 115JB as certain adjutments ( + and -) to the net profit as disclosed in the profit & loss account.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- Regarding Individuals Retuned to India and Resident currently
- Clubbing of Income - Minor
- Minor Aadhar card cancelled
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Form 121-contradictory opinions
- 3cd- cash system of accounting is allowed?
- Capital Gain Incidents
- Is Personal Guarantee of Director is Compulsory in case of loan to company ??
- 50(3) - how to calculate availed is utilized or not?
- BILL NOT SHOWING IN 2B WHEN SUPPILER FILE GSTR-1 ON 08.04.2026 FOR THE MONTH OF MARCH-26
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
