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Mat applicability

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(Querist)
25 October 2012 Every company shall liable to pay a MAT if its normal tax payable on book profit is less than 18.5% of its book profit.But,If there is no book profit(i.e.there is a loss in the statement of Profit and loss prepared as per companies act) is it applicable
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Rathin Roy

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Rathin Roy (Expert)
25 October 2012 No MAT is payable if there is no Book profit as computed under MAT provisions.
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vanka.sujatha

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vanka.sujatha (Querist)
25 October 2012 I know this but my doubt is there any necessity to prepare computation as per 115JB and Form 29B
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