Easy Office
LCI Learning

Regarding MAT Calculation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 June 2011 Dear Sir,
Suppose i have a Net profit Before Tax 50,00,000/-
Less: - Provision 15,45,000/-
Net profit after Tax Comes 34,55,000/-

While calculating MAT, Net profit should be taken before Tax or After Tax.
Profile Image

Kumar Babu.G

Profile Image

Kumar Babu.G (Expert)
22 June 2011 While computing MAT,net profit should be taken before tax only.
Profile Image

CA AKASH SANTHALIA

Profile Image

CA AKASH SANTHALIA (Querist)
22 June 2011 so sir if we take profit befor tax i.e, 50,00,000/- then do we have to add provision made i.e., 15,45,000/-
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA KRISHNA KUMAR DARUKA

Profile Image

CA KRISHNA KUMAR DARUKA (Expert)
22 June 2011 No MAT is to be calculated on Rs 5000000.
Profile Image

CA AKASH SANTHALIA

Profile Image

CA AKASH SANTHALIA (Querist)
22 June 2011 so sir if we take profit befor tax i.e, 50,00,000/- then do we have to add provision made i.e., 15,45,000/-
Profile Image

CA Harish Suwalka

Profile Image

CA Harish Suwalka (Expert)
22 June 2011 hii akash.. no need to add the provisions.. Net profit as per accounts(before tax) should be taken.. o in ur case it willl be 50 lac

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links