what is the treatment of minimum alternate tax, and it's
calculation procedure

Answer Posted / rahul jain

in above example after all deduction the net taxable income
is supose 425000/-(out of total income 7 lakh)than tax on
the amount is 127500/- (@30%)and if we note mat on 7 lakh
is 129500/-(@ 18.5%) so the compay has to pay mat 129500

Is This Answer Correct ?    10 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Sir we have maintaint RG 23 Part I Excise Register manually but we can maintaint excise register in Tally erp 9 we tray but tally not show properly RG 23 Part I Excise register like manual. please guide & solve the problme.

1479


How To Calculate Gross Sales for vat return -15

1719


Can we take rebate on Exports done before 6 years ? If no, why ? What can be done ?

1563


Can I use a single way bill for 1 vehicle dispatching material from multiple consigners to a single consignee???

1974


My Total CTC is 12500(not gross salary), i am living in Mysore(non-metropoliton city) what will be the take home salary after deduction? thanks in advance.

1090






how to caluclate the central exicse duty? how to implemting in to tally ERP9?

1590


How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?

1536


Define financial year?

707


is there any necessity to file TDS to purchase a thing even ater paying vat

1570


Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.

1447


What items come under deferred tax liability?

647


Hi, I need the clarification in Tax Rate in Karnataka for Frozen foods like Paratha, Briyani, Pasta's Please share the information for me

1679


How calculate Rent income exemptions from taxable income under income tax act.isnn't 30% of total income???? plz explain with example?

1508


if a person is investing rs.100 per month for 11 months of a year,how much ammount of annuity he will be paid at the end of year?

1417


is there easy guide for the latest India tax & accounting information for 2010?

1623