banner_ad

Profit on sale of Depreciable asset under MAT

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 November 2008 Whether the profit or loss on sale of depreciable asset would be reduced or added as the case may be while calculating the Book profit under MAT

Whether we have to pay MAT on sale of Depreciable asset

Regard

Yogesh gupta
Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
13 November 2008 No.
Profile Image

YOGESH GUPTA

Profile Image

YOGESH GUPTA (Querist)
14 November 2008 It means we have to pay MAT on Profit on sale of Depreciable asset
Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
14 November 2008 MAT is on book profit which is arrived at after considering profit or loss on depreciable assets as per books. Therefore it is included in the total book orofit. There is no separate MAT for profit on sale of depreciable asset.
Profile Image

YOGESH GUPTA

Profile Image

YOGESH GUPTA (Querist)
14 November 2008 Thanks S.Srinivawaraghavan
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details