MAT computation

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Asst. Manager Finance & Controlling
88 Points Joined February 2009

Dear friends

can someone tell, what is meaning and which figure should consider for " loss brought forwaed or unabsorbed which ever is less" 

please tell me the calculation for the following things

FY Balance to be carried forward Bus.Loss           ( Depn removed)
2000-2001 0 7836797
2001-2002 8564117 2083771
2002-2003 17848462 6274009
2003-2004 16971319 6590449
2004-2005 14820699 85753632
2005-2006 9856519 37900928
2006-2007 10356769 14267020
  78417885 160706606

please send the same to santoshlco @ gmail.com

Thank Q

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On 24 September 2009 at 14:43 Report
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Chartered Accountant
6971 Points Joined September 2007

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%

 

 

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On 24 September 2009 at 15:35
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Asst. Manager Finance & Controlling
88 Points Joined February 2009

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

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On 24 September 2009 at 17:28


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