Mat calculation in case of loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2012
Respected Sir,
Please give me procedure for Calculating MAT in case of loss in profit and loss a/c. (If any)
Please give me procedure for Calculating MAT in case of loss in profit and loss a/c. (If any)
03 August 2012
If there is loss as per books also then there will not be any MAT.
You will have to calculate Book profit as per section 115JB
You will have to calculate Book profit as per section 115JB
03 August 2012
Tax liability may arise if the Book Profits as per sec 115JB are more than the Profit as per P&L A/c
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2012
thanks sir
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