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provisions of 115jb

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71 Points Posted on 08 November 2007
in this case company has to pay tax u/s 115jb the company has TDS for this situations MAT tax is deducted from tds amount after that balance mat tax is payable through self assessment u/s 140A for this how to seggregate surcharge, education cess and penalty interest u/s 234B&C
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On 08 November 2007 at 18:44 Report
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ACA
618 Points Posted on 08 November 2007
a) MAT b) Add : Surcharge 10% c) Add : HSE Cess 2% d) Total Tax Payable [a+b+c] e) Less : TDS f) Net Tax Payable [d-e] g) Add : Interest U/s. 234A, 234B & 234C [to be calculated on (f)] h) Tax Payable including Interest i) Less : Self Assessment tax paid U/s. 140A [h]
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On 08 November 2007 at 20:36
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COACHING
11717 Points Posted on 08 November 2007
Thanks Sathish for valuable input.
23 Reply
On 08 November 2007 at 21:54


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