Nitesh please send me MAT table. My id is cakuljitsingh @ yahoo.com
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MAT computation table
hiii friends plz send me MAT computation table
my email id is madhur_gupta @ hotmail.com
thankx in advance
will you please give me mat computation Table by giving example.
Thanking you
Regards.
Shashi
pls send me the table at gscca @ rediffmail.com
Thanks in advance
pls send me the table at vidya.nayak002 @ gmail.com
How to calculate MAT
Net Profit as per Profit & Loss A/c (after tax) ----
Add back:
1.Income tax paid ----
2.Provision for i-tax ---
3.Deferred tax liability ----
4.Expenditure related to income under Section 10, 0A,10AA,10B,11 OR 12 Applies
5.Depreciation as per companies act
Less:
1. Any income under the provisions of
Section 10,10A,10AA,10B.11,12 OR
80-IAB (EXCLUDING INCOME U/S 10(38) )
2.Depreciation as per companies act (after revaluation)
3.Amount of brought forward losses or unabsorbed depreciation
Which ever is less.
Book Profit for 115JB =========
10% of Book Profit (MAT Tax) +3% (Edu. Cess) ---- which ever
is
30.9% of Normal Income ---- higher
Mat is applicable on a company ,if the Normal tax
Liability is less than MAT TAX
Therefore, the company has to pay Mat Tax and will get mat tax credit ,c/f to 5 years
For set off against future libility.
Notes:
1.interest on I-tax act/penalty not to be added back
2.FBT ,corporate dividend tax should not be added back
3.tax or duty not allowed as deduction u/s 43B not to be add back
4.Provision for gratuity, provision for future losses ,since an
Unascertained liability ,not to be add back.
5.dividend paid/proposed on equity/preference should be add back
6.Profit on sale of land will form part of book profit ,
Also income from capital gain should form part of book profit.
Net Profit as per Normal Provisions
Net profit as per Profit & Loss A/c --------
Add: Income tax
Add: Provision for income tax
Add: Deferred tax liability
Add: Provision for FBT
Add; Any other provision for Unascertained
Liability like the above
Add: Depreciation as per Companies act
---------
Less: Depreciation as per I-t Act
PGBP income --------
Pl.tell me when MAT is applicable?
pl. tell me when MAT (minimum Alternate Tax) is applicable
| Originally posted by :Guest | ||
| " | How to calculate MAT Net Profit as per Profit & Loss A/c (after tax) ---- Add back: 1.Income tax paid ---- 2.Provision for i-tax --- 3.Deferred tax liability ---- 4.Expenditure related to income under Section 10, 0A,10AA,10B,11 OR 12 Applies 5.Depreciation as per companies act Less: 1. Any income under the provisions of Section 10,10A,10AA,10B.11,12 OR 80-IAB (EXCLUDING INCOME U/S 10(38) ) 2.Depreciation as per companies act (after revaluation) 3.Amount of brought forward losses or unabsorbed depreciation Which ever is less. Book Profit for 115JB ========= 10% of Book Profit (MAT Tax) +3% (Edu. Cess) ---- which ever is 30.9% of Normal Income ---- higher Mat is applicable on a company ,if the Normal tax Liability is less than MAT TAX Therefore, the company has to pay Mat Tax and will get mat tax credit ,c/f to 5 years For set off against future libility. Notes: 1.interest on I-tax act/penalty not to be added back 2.FBT ,corporate dividend tax should not be added back 3.tax or duty not allowed as deduction u/s 43B not to be add back 4.Provision for gratuity, provision for future losses ,since an Unascertained liability ,not to be add back. 5.dividend paid/proposed on equity/preference should be add back 6.Profit on sale of land will form part of book profit , Also income from capital gain should form part of book profit. Net Profit as per Normal Provisions Net profit as per Profit & Loss A/c -------- Add: Income tax Add: Provision for income tax Add: Deferred tax liability Add: Provision for FBT Add; Any other provision for Unascertained Liability like the above Add: Depreciation as per Companies act --------- Less: Depreciation as per I-t Act PGBP income -------- |
" |
Please note that the exemption for Section 10A /10B for MAT computation has been withdrawn WEF AY 2008-09
Dear Nilesh
Please send me ths same
hello friends
can any one provide me the calculation of tax computation us 115jb for A.Y.2008-09
regards
meena
hiii friends plz send me MAT computation table
my email id is sunil_y3k @ rediffmail.com
Please Send it to me also.....
Thanks in Advance,
Chirag.
| Originally posted by :Guest | ||
| " | Please Send it to me also..... Thanks in Advance, Chirag. |
" |
lite_chirag @ yahoo.co.in
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