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Minimum Alternative Tax

This query is : Resolved 

27 March 2017 MAT is apppicable to a company. But that company is eligible for 80 IA deduction .Than can the company claim 80 IA deduction .

27 March 2017 Under normal provisions yes you can claim benefit of 80-IA, but while computing MAT deduction claimed under 80-IA is to be added back in books profits, so under MAT provisions benefit of deductions under section 80I series is not available because one purpose for introducing MAT is to cover companies claiming deduction under 80I series.



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