Mat computation

Yes, You need to consider Cess and SHEC while computing MAT Credit

pls give any reference

i want to know whether to consider surcharge

Income Tax needs to be added back

Edu. Cess and Secondary Higher Edu. Cess are part of Income Tax, levied by Central Government. 

Sir I want to know what I need to do with Surcharge

Compute 18.5% on Book Profit + Surcharge as applicable (If book profits > One Crore) - Marginal Relief if applicable + 3% E.C and S.H.E.C

Compute normal income tax + Surcharge as applicable (If book profits > One Crore) - Marginal Relief if applicable + 3% E.C and S.H.E.C

MAT Credit u/s.115JAA = MAT u/s.115JB - Income tax payable under Normal provisions of IT Act,1961

Thank you Sir,

One of our client has got a notice u/s143(1),where we computed the MAT credit as you have posted and the dept. computed it by donot considering the cess and Surcharge,Pls Help me!!!