bhavik mehta (C.A.) (526 Points)
22 September 2010hey frnds,
I am filing a return of company in which i have a problem incacuclation of MAT.
as per books profit is of Rs. 11400/-, which includes Dividend income of Rs. 24000/- & Rent Income of Rs.72000/-, .
whether both should be considered while calculating MAT of Co.????
please give me proper guidance,
thanks in advance...
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 22 September 2010
As per section 115JB dividend income can be reduced from book profit while caculating MAT and hence the same will be reduced and hence you will have book loss u/s 115JB also and hence no need to pay MAT.
No seperate treatement can be given for rent i. e. neither to be added or subtracted for MAT.
madhur gupta
(student/article )
(1022 Points)
Replied 22 September 2010
Yaa
dividend income will be reduced but rent will not be while calculating book profits
CAclubindia
