Computation of Book Profit for MATpurpose
This query is : Resolved
14 December 2009
Pvt.Ltd. company having for AssYear 09-10 STCG on Sale of Shares covered U/s 111A of ITAct but these are trading income of the company as per object clasue( but there are not regularly trading, thus this STCG is earned after 3-4 years), so such STCG will be taxable at 15% (i.e Special Rate U/s 111A) OR taxable @ 30 % under Normal Provision. What about such STCG for MAT Prov.
Further at credit side of the P & L A/c of the Company- rent income taxable Under the Head House Property, so while computing Book Profit for MAT Pro, will this get reduce or not ?
Pl. guide me
Further at credit side of the P & L A/c of the Company- rent income taxable Under the Head House Property, so while computing Book Profit for MAT Pro, will this get reduce or not ?
Pl. guide me
16 December 2009
if co's main object is trading in shares than it should be business income
MAT is applicable to all companies
MAT is applicable to all companies
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