Working of MAT

This query is : Resolved

Jayant Shaligram (Querist)
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11 July 2007 Hello friends,

A software company has two units. One is 100% EOU claiming expemption us/ 10 A. The other unit is alos 100% EOU but not claiming 0 A exemption.

The unit claiming 10 A exemption is making profits and the other non 10 A unit is incurring losses for long time.

Can any one help me with working out MAT liability by substing hypothetical figures?

The company has skipped its advance tax payemnt if any due in June, for want of MAT calculation.

Thank you.

Jayant Shaligram

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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26 February 2008 For working out MAT, income and expenditure of units covered by 10A has to be excluded

Ravikumar.G

Ravikumar.G (Expert)
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23 September 2008 If credited to P & L a/c
That should be deducted
Income exempt u/s 10/11/12 (except 10(38),10A,10B)

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