Easy Office

Mat & advance tax

Page no : 2

Rajesh Gupta (accountant) (47 Points)
Replied 22 March 2012

CAN YOU SUGGEST ME WHERE CAN I INVEST rS. 50000 PA FOR 20YEARS

MY GOAL IS TO ACHIVE 75 TO 1 CRORE IN OTHER 20YEAR .

 

 



manish singh negi (self) (26 Points)
Replied 02 May 2012

plz tell me about calculation of MAT if my Book Profit is Rs 10,000.

Vineet Kumar Sharma (Chartered Accountant) (316 Points)
Replied 27 May 2012

Mr. Manish Negi..

If Book Profit be. Rs.10,000. Then, the tax computed as per the provisions of MAT be Rs.1,850 (10,000*18.5%) (EC+SHEC Extra). & if such Tax i.e. MAT exceeds tax computed as per the normal provisions, then MAT shall be deemed as your tax computed as  per normal provisions. However, credit of MAT is available in subsequent assessment years on the basis of Sec. 115JAA.



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