TAX AS PER INCOME TAX AND TAX AS PER MAT
This query is : Resolved
MANOJKUMAR G JAIN
(Querist)
05 October 2021
SIR IN PREVIOUS YEAR OUR COMPANY HAD LOSS BUT IN CURRENT YEAR DUE TO EXCHANGE DIFFERENCE THE PROFIT ARISES. SO TAX IS CHARGED AS PER MAT PROVISION. SIR I HAD QUERY THAT THE PROFIT IS NOT ACTUAL PROFIT THIS PROFIT IS DUE TO FLUCTUATION IN EXCHANGE DIFFERENCE SO THERE IS ANY PROVISION IN mat REGARDING THIS POINT THAT NO TAX IS CHARGED ON MAT
Dhirajlal Rambhia
(Expert)
05 October 2021
No. There is no special provision for not charging MAT rate...
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