MAT & Income tax
This query is : Resolved
01 October 2010
hey frnds,
pls let me know that what to do in a case where as per ITax act & MAT, in both there is a loss .
say as per ITax- Rs.16650/-
& As per MAT calculation after all adj. book profit is Rs.8315/-.
pls also discuss other matters of Provision for Tax & differed tax...
thnks in advance...
pls let me know that what to do in a case where as per ITax act & MAT, in both there is a loss .
say as per ITax- Rs.16650/-
& As per MAT calculation after all adj. book profit is Rs.8315/-.
pls also discuss other matters of Provision for Tax & differed tax...
thnks in advance...
01 October 2010
if loss is exist as per book profit and as per income tax then no mat liability is arise
01 October 2010
sir , is that loss can be adjusted even in calculation of MAT in next year....????
01 October 2010
yes..
lower of:-
unabsorbed business loss or
unabsorbed depreciation
can be set off in computing book profits next year
lower of:-
unabsorbed business loss or
unabsorbed depreciation
can be set off in computing book profits next year
10 November 2010
i want still view over the comment of Mr. Punit Wani, if any1 can add in that , it would be more clear.
thanks to all in advance.
thanks to all in advance.
30 November 2011
ya its clear now, thanks to all...
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- 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?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
