This document provides a template for calculating book profit and minimum alternate tax (MAT) payable under section 115JB of the Indian Income Tax Act of 1961. It lists various additions and deductions to be made to profit before tax as reported in the profit and loss account to arrive at book profit. It then provides spaces to calculate MAT, surcharge, education cess, total tax payable, and MAT credit available based on actual taxable income.
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This document provides a template for calculating book profit and minimum alternate tax (MAT) payable under section 115JB of the Indian Income Tax Act of 1961. It lists various additions and deductions to be made to profit before tax as reported in the profit and loss account to arrive at book profit. It then provides spaces to calculate MAT, surcharge, education cess, total tax payable, and MAT credit available based on actual taxable income.
This document provides a template for calculating book profit and minimum alternate tax (MAT) payable under section 115JB of the Indian Income Tax Act of 1961. It lists various additions and deductions to be made to profit before tax as reported in the profit and loss account to arrive at book profit. It then provides spaces to calculate MAT, surcharge, education cess, total tax payable, and MAT credit available based on actual taxable income.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as XLS, PDF, TXT or read online from Scribd
This document provides a template for calculating book profit and minimum alternate tax (MAT) payable under section 115JB of the Indian Income Tax Act of 1961. It lists various additions and deductions to be made to profit before tax as reported in the profit and loss account to arrive at book profit. It then provides spaces to calculate MAT, surcharge, education cess, total tax payable, and MAT credit available based on actual taxable income.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as XLS, PDF, TXT or read online from Scribd
Download as xls, pdf, or txt
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Mat Calulation As per Income Tax Act 1961U/s115JB
Profit as Per P&l A/c -
ADD: - Provision For Taxation* - Tax Paid - AnyAmountCarried For Any Reserve - Provision For Meeting Certained Liabilities - Provision For Loss Of Subsidery Co. - Provision for Dividend - Dividend Paid - Provision For Depreciation - - Less: - Amount Withdrawn Form Reserve/Provision - Depreciation Debited to p&l A/c(except Dep. On revaluation) - Amt Of Loss B/F or Unabsorbed Dep.,Which ever less.** - Book Profit - *FBT is Not Covered here As per circular 8/2005 **B/Y Losses does not include unabsorbed Dep.
Mat - Surcharge - Edu. Cess - Total Tax Payable -
Mat Credit Available
Mat - Tax On Actual Taxable - -
Note: Author Will Not Be Resposible For Any Loss Cause Of
