how 2 calculate tax under section 115JB???? plz reply as soon as possible.....its urgent.... i mean 2 say wat z d format 4 calculation... procedure????
how 2 calculate tax under section 115JB???? plz reply as soon as possible.....its urgent.... i mean 2 say wat z d format 4 calculation... procedure????
it is a mat calculation.
when there is book profits as per companies act but not as per it act. then company has to pay tax on profit as per company act.its rate is 10%.
Hi
Find attached a computation format for MAT calculation.
Regards
Santhana Raman
thanx
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