Mat
This query is : Resolved
28 March 2016
which companies are required to pay MAT under income tax act. and what is section 15jjb for.
28 March 2016
Sec 115JB is for payment of minimum alternate tax by assessee.
As per this section, an assessee, being company (formed under companies act) is required to pay tax higher of:
tax calculated at specified rate on book profit (currently the rate is 18.50% + applicable surcharge and cess). This is called Minimum Alternate Tax or
tax as per normal provisions of tax.
As per this section, an assessee, being company (formed under companies act) is required to pay tax higher of:
tax calculated at specified rate on book profit (currently the rate is 18.50% + applicable surcharge and cess). This is called Minimum Alternate Tax or
tax as per normal provisions of tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Confusion around Form 26QB fields
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
