Income tax queries

no it cannot be....

no it cannot be....MAT is also an income tax only....cannot be allowed..

Mat is also  tax and tax is not allowed to be deducted frm PGBP.

for PCC taxation , MAT is not included in our course,

As per section 40(a)(ii) it is not allowed - it is only a form of income tax.

.....MAT is not a deductable expenses under PGBP.

definition of body of individual with proper example

Friends

I face this in my articleship.

It is a pvt ltd co having book profit, with Depreciation Tax is not arose. But due to Mat co. hv to pay Tax. My Q is can last year B/F loss can be set off again C/F book profit and then on -Book profit co. has not to pay MAT.

is it correct?

As  per provision of Sec 115JB 

For computation of book profit ,The amount of Loss forward or unabsorbed Depreciation whichever is less as per books of account can be deducted for computing book profit