115JB

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kirti singh (Querist)
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23 September 2009 Summary of question is as under ------

a)Taxable income under normal provision is Rs 9655190.

b)Book Profit is Rs. 22976855.

c) Mat credit available u/s 115JAA is Rs. 3950193.

d) TDS amounted to Rs. 337238.

e) Advansed Tax Deposited Rs. 15Lac.

What will Tax liability of company?

CA Punit

CA Punit (Expert)
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23 September 2009 I.T. Act Income 96,55,190 Tax @30.90% = 29,83,454
Book Profit 2,29,76,855 Tax @11.33% = 26,03,278

Tax Liability 29,83,454
TDS 3,37,238
Adv. Tax 15,00,000
MAT Credit 3,80,176
Balance Payable 7,66,040