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pls help friends

This query is : Resolved 
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(Querist)
08 June 2010 1)FY 2008-09

Income Tax loss in FY 2008-09 Rs 11000

No tax payable

2) FY 2009-10

Income Tax on regular Profit Rs 600 ( Tax after adjusting loss )
MAT Tax Rs 2000

So Mat Tax ( higher out of both) and can be taken credit.

3) FY 2010-11

Regular Tax Rs 10000

Adjust MAT credit Rs 2000 ( Carried forward from F Y 2009-10 )

Tax payable on Rs 8000
at regular rate
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
08 June 2010 So what help is required?

If MAT payable in F. Y. 2010 - 11 is less than Rs. 8,000/- the above calculations are correct.

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