Answer / mohd abdul qader

It is Minimum Alternative tax. It is levied on Book profit
it ignores Accounting profit, Even if you have accounting
loss companies should pay MAT

Answer / pawan tiwari

MAT STANDS FOR MINIMUM ALTERNATIVE TAX.IT IS CHARGED ON 10%
OF BOOK PROFIT OR ACCOUNTING PROFIT WHICHEVER IS HIGHER.
THIS IS COVERED BY SECTION 115JB IT IS INTRODUCED AS MANY OF
THE COMPANIES LOWER THERE PROFIT BY TAKING ADVANTAGE OF LOOP
HOLES IN TAX AND THEREAFTER PAY EITHER NO TAX OR LOW
TAX.HENCE THIS SECTION IS INTRODUCED IN ORDER TO SAVE
REVENUE OF INCOME TAX.

agar hum koi sale return 3 month ke andar hi receive krte hai or part uski cst purchase ka bill deti hai or humse c form mangti hai to kya hum use LS-10 me tax benefit ke liye and LP-3 me c form issue krne ke liye kyoki central purchase ka haryana vat me benefit nhi milta kya dono form LP-3 and LS-10 me hum us return ko show kar skte hai

0 Answers  

---

WHAT IS THE TDS RATE FOR ASSESSMENT YEAR 2010-11 FOR DIFFERENT CATAGORIES??????????????

4 Answers  

---

DEFINE 'SALES TAX, CORPORATE TAX, PROFESSIONAL TAX & INCOME TAX'? (please give accurate definitions dudes)

3 Answers   Deloitte,

---

what is WCT rate in chhattisgarh

0 Answers   FD, MBD,

---

Can anyone tell me the limit of Professional fees on which service tax is to be charged?

1 Answers  

---

---

How to make a bill of software sale with service tax?

0 Answers  

---

What is RITC and how it is calculated?

3 Answers  

---

what is vat?

9 Answers   HCL,

---

statutary compliances?

3 Answers   Genpact,

---

how to calculate tds on labour charge

7 Answers   Universal Engineering,

---

procedure to vat assessment?

1 Answers  

---

Any one can mail soft copy of Balance sheet,Trading and profit and loss alc.of a small firm or small co for study

0 Answers  

---