MAT computation

hello

You must calculate MAT on the profits arrived in the Profit and Loss account as per companies act.

Then you must take the lower of business loss and depreciation loss as per accounts and not as per income tax.

Still if you have any taxable amount pay tax on it at 10.30%

Dear Praveen

I am thaking you for bringing clearification but

my point is LOWER OF BUSINESS LOSS AND UNABSORBED DEPRECIATION means what we have to take