Answer Posted / tushar
MAT stands for Minimum Alternative Tax charged u/s 115JB to
the companies under Income Tax Act. The rate for MAT is 18%.
MAT is calculated on book profit of company (Not on taxable
business Income)with certain change as given in aforesaid
section itself.
MAT can be payable in the case where there is no taxable
business income.
The company can also avail mat credit for next seven year
in the same case.
Is This Answer Correct ? | 2 Yes | 3 No |
Post New Answer View All Answers
what is the circle of tds and its rate chart
Please guide us about Forms and where is it will use i.e.Form C, Form h, Form F. if other form has please guide us about of that Forms?
Dear Experts, Please advice, what are the rate of WCT , and is it differ from individual to companies in case of deduction ( if i am the deducting person)
What is the eligibility criteria of C-Form(Manufacturing goods of borewell bits, Hammers, Drilling Tools and Air compressors, etc..). If such company will purchase safety shoes, buyer can eligible to issue C-Form?
what is the method of work contract tax computation
how i get h form
The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.
what is the detail procedure to filling ITR-I,ITR-II AND ITR- 1V V1 IE e-filling procedure
How can deduct tds from auction cases (timber)
what is Bank Stock Statement and which companies required bank stock statement, how can we make the bank stock statement
what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it
I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com
I have working with Rs.180000/- I want fill up itr 1st time What is process.
is there any specific percentage related to lower tax deduction under tds
Dear Sir, I am working in account department. I want to know, Why service tax rate is change in every type of service. For Example - Rent Bill Service Tax Rate - 10.30% Taxi Bill - Service Tax Rate - 4.12% Why it change