Answer Posted / 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.
Is This Answer Correct ? | 10 Yes | 2 No |
Post New Answer View All Answers
ER-5 & ER- 7 ER -4 related all information 1) What Fill The ER-5 & ER- 7 ER -4 2) What Infomation Fill In the return
If concern supply garments from outside purchase to movie producer for their production then is it maintain Service Tax if yes then how and at first what steps I have to take?
Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.
What are the procedures for remitting WCT?
What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.
what is the prime cost? and factory cost how to calculate it?
Which is the section or rule for non submitting c forms panelty and interest
if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?
Is there any change in the section 80E for the financial year 2009-10
How do you determine as to what TDS has to be deducted from each vendor supplying us the goods and doing labour work?
What items fall under the category of ‘securities’?
Please tell me the process of generation of TDS in Tally ERP-9 with an Example
Please some one tell me what is the VAT or WCT rate for works contract at Tripura
What is commercial tax? and what comes under commercial tax? What are the Provisions relating to it?
Does the tax liability of an individual get affected due to his residential status? If yes, explain.