Answer / mohd abdul qader

It is Minimum Alternative tax. It is levied on Book profit
it ignores Accounting profit, Even if you have accounting
loss companies should pay MAT

Answer / 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.

what is the entry for bad debts?

3 Answers   Accenture, CBL, Ernst Young, GNCC,

---

professional tax rate

0 Answers  

---

What is the difference between TDS and TCS?

24 Answers   Godrej, SSK, TCS,

---

can we deduct the tds on purchase of computer, server?

8 Answers  

---

Define FBT with example & how it can be calculate ?

0 Answers  

---

wats the journal entry for payament of Company's Income Tax & under what head does income tax comes in TAlly

2 Answers  

---

The nature of taxation

7 Answers   ABC,

---

hi which form issue again ogs purches & sales ? which is the tax rat we issue c form?it's cst3% is avelabe to issue the c-form?

0 Answers  

---

Tds return other than salary form.

5 Answers   Accounting, TCS,

---

can penalty be imposed under sec 96 of vat act west bengalfor goods destroyed or damaged

0 Answers   Aircon,

---

what is vat rates in andhra pradesh

7 Answers   Astrotech, Narayana,

---

What is means by Central Excise ? How to calculate Central Excise ? Central Excise form No. is ?

0 Answers  

---