Slogan for mat (minimum alternate tax)

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Very Simple Slogan for MAT:

 

Book Profit                                         XX

Add: TRUS DEDDD                           XX

Net Profit                                            XX

Less: DR IRD LS                                  XX

Net Profit for MAT                          XX

 

Details (ADD):

T – Taxes & Cess

R – Reserves transfer

U – Uncertain liability provision

S – Subsidiary losses

 D – Deferred taxes

E – Expenditure U/s 10

D – Dividend Paid

D - Depreciation

D – Diminution amount kept separate

 

Details (Less):

D – Deferred tax amount

R – Reserve Withdrawal

 I – Income exempt U/s 10

R – Revaluation reserve withdrawal

D - Depreciation on re valued amount

 L – Lower 1) Brought forward losses 2) Unabsorbed Business Loss

S – Sick Industrial Company Profit

Replies (3)

The provisions of this section shall not apply to the income accrued or arising from01-April-2005 to 31-March-2012, from any business carried on, or services rendered, by an entrepreneur or a Developer, in a Unit or Special Economic Zone, as the case may be.

Thanx 4 Sharing !!!!

useful information , thanks for sharing..


CCI Pro

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