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Applicability of MAT

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(Querist)
24 March 2008 Please clarify!What abt dividend received from foreign subsidiary in case of calculation of book profits in MAT!!Is it taxable under MAT as it is taxable under normal provisions of Income Tax.
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CA PAVAN KUMAR

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CA PAVAN KUMAR (Expert)
24 March 2008 I think only those which are mentioned in the said section 115JB are to be given effect.no new items should be taken into consideration.
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Jitender

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Jitender (Expert)
24 March 2008 it is taxable in mat as it is not exempt u/s 10.




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