Answer Posted / sushree
mat stands for minimum alternate tax u/s 115jc.the tax rate is 18.5% plus education cess @3% .it can't be appilicable if total income of the person and huf and boi does't exceed twenty lakh rupees.it can be carry forward 5 consucative year.as per income tax act 1961.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
WHAT IS THE BANK RECONSILATION, WHAT THE FORMAT OF IT
If I have bought goods from a seller in India and finally exported it to some other country, my understanding says I have to issue form H to seller to get cst exemption. My question is wether Bill of lading is must to be given to seller or not bcos if I give bill of lading to the seller from whom i haave bought material confidential information will go to seller as bill of lading will have buyers details...pls guide how to overcome this issue.
How to calculate long term capital gain
Please explain how to pass entry for VAT setoff and Service Tax Credit?
How to determine TDS on Salary ? what are Limit for HRA ,insurance premium , Loan installment, children education fee etc. what type of Deductions for salary. please Explain Full and complete this concept with one example which cover all aspects regarding TDS on Salary.
Please tell me the rate of service tax of Transportation and the who is liable to deposit the Service Tax, the receiver of service or provider the service
How to reconcile a Vendor who is a supplier as well as a Contractor?
Is there any change in the section 80E for the financial year 2009-10
what is cenvet credit in vat.
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)
My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?
How To Calculate Gross Sales for vat return -15
how to caluclate the central exicse duty? how to implemting in to tally ERP9?
when wct@8.75% is charged from the vendor. How much TDS has to be deducted against it??
How should the personal assets of a salaried employee be shown in his books of accounts ?