Easy Office

Working of MAT

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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
Profile Image

S.Srinivasaraghavan

Profile Image

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

Ravikumar.G

Profile Image

Ravikumar.G (Expert)
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)




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links