What we mean by MAT Credit Entitlement ???
- 1 Answers
- 7312 Views
- I also Faced
- E-Mail Answers
Answer / Trivender Kumar
MAT (Minimum Alternate Tax) Credit Entitlement is a tax credit that arises when a company pays MAT at the prescribed rate and then, in subsequent years, if the effective tax rate falls below the MAT rate, the excess MAT paid can be carried forward as a credit and set off against future profits.
| Is This Answer Correct ? | 0 Yes | 0 No |
A Service provided has provided bill amounting rs. 100000 dt. 30/04/2013 & i have paid amount with 30000 Rs. as on 24/5/2013, & 20000 paid on 7/6/2013 & rest of the amount has been paid as on 15/6/2013 then on which amount TDS has been deducted. may it deducted on Bill amount or payment amount? If bill amount then at which date TDS entry should be done ? & if on Payment date then which date. and if i want to compute interest for late payment of TDS then Which date should be consider for interest payment computation. Do the needful for the same.
if am registered dealer & i am using road permit, i have to pay entry tax, which goods, I am receving in jammu
My client was sold his residencial flat before few days they will not decide investment in another residential flat what can he invest the money without any tax liability? Can he open capital gain account and will he invest in resident plot in future ? what will exact planning?
if my salary is 21855 per month for finicial year april 2011- march 2012 what tax will be deduct
1000 unit one into process at cost 100000. loss at 10% of input is considered normal, which is realisable at rs 1/unit.the actual prodution is 920 unit , find the abnormal gain?
What is MAT? and whom its applicable and what its rate?
what do you mean by fringe benefit tax???
I made donation which is covered u/s 35 (1)(ii)
What about sur charge on income tax for the individuals who crossed 10lks for the year 2009-10
Which form we use for depositing Advance Tax
Hello! My annual salary is @ Rs.6,00,000/-. What would be the TDS applicable for me per annum/per month. I am also contributing to EPF @ Rs.9360/-.
What is the Tax Deduction at Source for the year 2008-09 ?
Audit 
