Matcalculation

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Rajesh Goyal (Querist)
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17 November 2012 DEAR SIR,
KINDLY SUGGEST ABOUT TAX PAYABLE CONSIDERING MAT PROVISIONS..

PBT-4716
DEPN-CO.S ACT- Rs. 2577/-
DEPN-IT ACT-Rs. 34250/-

REGDS,

CA SAYANTAN BASU

CA SAYANTAN BASU (Expert)
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19 November 2012 DEAR SIR ,

THIS IS THE CASE OF SECTION 115 JB.
BCOZ THE ENTITY DOES NOT TAXABLE PROFIT .....
TAXABLE PROFIT = Rs (4716+2577-34250)= Rs (26957)

SO MAT PROVISIONS WILL BE APPLICABLE....

SO I CONSIDER BOOK PROFIT AS RS 4716 AS YOU HAVE NOT MENTIONED AFTER DEPN OR NOT ......
MAT =30%*18.5%*BOOK PROFIT .....

SO THE MAT WILL BE : 30% *18.5% * 4716 = RS 261.78