|
|
| *Loan,banking and credit>>>tax calculation |
What is the procedure for calculation of Minimum Alternate Tax? |
What is the procedure for calculation of Minimum Alternate Tax? In india when the taxable income as shown is less than 30% of book profit then MAT is to be paid. First of all calculations are made on the basis of regular computation by allowing all available exemptions, brought forward of losses etc.against the profit as shown in the P & L A/c and if the final taxable income is less than 30% of the book profit, MAT is charged on the income. |
| Tags |
| tax accounting tax advice tax attorney tax bracket tax calculation tax calculator tax credit tax cut tax deduction tax department |
SiteMap--Copyright/IP Policy--Contact Webmaster For personal non-commercial use only. |