Answer Posted / asharaf khan
Mat- Minimum Alternative Tax
As per section 115 JA of the Income Tax Act, if a company’s
taxable income is less than a certain percentage of the
booked profits, then by default, that much of the book
profits will be considered as taxable income and tax has to
be paid on that.
The current rate for MAT is 18%, up from 7.5% in 2001-2002.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Differentiate between financial year, assessment year and previous year?
what to in pro
Sir Kindly tell me Where is the best institute fir SAP(FICO-CIN and New GL module specially) in Hyderabad ASAP. Regards Om 9910699167
I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar
is there easy guide for the latest India tax & accounting information for 2010?
Hi Kindly provide the current slab for profession tax in karnataka and due date for remittance the profession tax
Cenvat credit transaction journal entries. And what does the term reversal of credit means
WHAT IS THE BANK RECONSILATION, WHAT THE FORMAT OF IT
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?
what are the benifits available to become and EOU in all taxes, such as Income Tax, Sales Tax, Excise, Custom
At what point excise duty is accrued
what is the full rate of cst/vat of building material ?
WHAT IS THE PROVISION OF INCOME TAX, SELF ASSESSMENT TAX AFTER AUDITING GIVE THE EXAMPLE WITH ENTERY
when i send goods out side the state against c form from gujarat to bombay which forms will have to required, where i get it & what process of to get it , please give me the answer on my e.mail sonidilip87@yahoo.com
How to make a bill of software sale with service tax?
