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pod dividend Trasferts Reserves 3.20.000 NIL 25.88.000 AN me withdrawn from reserves Hitchble for deduction under section SDHC Picigible for deduction under section SOHHE Petit cligible for deduction under section 80HHF Exempted Incomes Dividends) Broht forward losses or unabsorbed depreciation as per Books of unts (1.40.000 OE SO,000 whichever is less) Profits of Industrial sick unit 17.500 50.000 Book Prolits 25.20 500 faribily under MAT Tex 1850 Book Profits Book Profits ? 25.20.500 Sunchance Total Income does not exceed 1 crore] 4.66.293 NIL Tot and surchage Education cess 25 of tax and surcharge 4.56,293 Secondary and Higher Education ces is of Tax and surcharge 9.326 4,663 13.959 Tat as per MAT provisions 4.80.282 Calculation of Final Tar liability (n) Tax liability as per Normal Provisions 36.81 500 (6) Tax liability as per MAT 4.50.282 Final tax A or B whichever is higher te 36.81.500 ILLUSTRATION 4. Following is the P and L. Ale of RP Lud.. an India Company for the previous year 2011-12 PROFIT AND LOSS ACCOUNT W NIG 60.00.000 Sales Raw material Wages and Salaries Advertisement Expenses Insurance Audit fess Depreciation Provision for Income Tax Provision for Contingent liabilities Transfer to general reserve Proposed dividend Office Expenses Losses of Subsidiary Co. Legal charges Repairs to Machinery To Balance eld 15,00.000 25,00,000 2.50,000 35.000 80,000 70.000 50,000 45.000 1,00,000 2,00.000 3,00.000 2.00.000 75,000 55.000 5.40,000 60.00.000 60,00.000