WHAT the method of calculate MAT
Answers were Sorted based on User's Feedback
Answer / luv
mat is calculated under section 115JB inserted by finance
act. it is calculated by getting out 10% of book profits
for assessment year 2010-2011 bt foryr 2011-2012 its
15% of book profits
Is This Answer Correct ? | 12 Yes | 9 No |
Answer / kalpana dudhate
M Vat calculate On Billing basis
sales bill is vat is called out put of vat
purchase bill,expense bill,assets bill vat is called input
of vat
vat = out put - (less) input
balance amt is vat payable
note: assets vat is only take input take on 3% set off
Is This Answer Correct ? | 6 Yes | 3 No |
If we follow accrual basis of accounting....will it be in conflict conservatism concept?
what is the difference between fund manager and portfolio manger
Expand I C A I
How the Basic salary will be fix for an employee?
Where we show Service Tax Due ( Credit Balance ) in Balance Sheet?
Why did you choose banking as your profession?
25 Answers Axis Bank, HDFC, HNB, ICICI, Private, State Bank Of India SBI, Yes Bank,
EXPAND______________RWS
Expand R A C
what is capital work in progress?
what is sweet equity share?
how to see monthly entries in tally7.2
What is revaluation of assets.when it occurs