MAT - Very Urgent
This query is : Resolved
05 July 2008
Dear Experts,
Whether LTCG on sale of shares & securities is taxable under the MAT or not?
pls.confirm.
I also need guidance note for MAT & computation of MAT, if anybody have pls.very urgent
Pls.reply asap.
Regards,
Prakash Jasani
Email ID: prakashjasani_56@rediffmail.com
Whether LTCG on sale of shares & securities is taxable under the MAT or not?
pls.confirm.
I also need guidance note for MAT & computation of MAT, if anybody have pls.very urgent
Pls.reply asap.
Regards,
Prakash Jasani
Email ID: prakashjasani_56@rediffmail.com
05 July 2008
Sir, one of my client had commenced windmill project during the year 2006-07 from april 07. He had claimed depreciation @40% instead of 80% and for the balance income after deducting the above depreciation he had paid Income tax. Whether can he claim depreciation @ 80% for the FY 2007-08 from the opening WDV or whether it is possible to file a revised return and get refund of tax paid for the year 2006-07
05 July 2008
Yes you can file a revised return rectifying the mistake by your auditor and claim tax adjustments.
06 July 2008
Yes LTCG will form part in the calculations of book profit under MAT.
17 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- Income Type for interest from government bonds
- Adjustment at the beginning of the year
- Bifurcation of prepaid expenses
- Is income taxable or receivable or received in case of LLP and company
- TDS - Form 26QB - Installment - Final payment Query
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
