Minimum Alternate Tax ( MAT)

CA CS CIMA Prakash Somani , Last updated: 17 June 2008 Share Follow on Google News

The MAT credit is available in respect of MAT paid under Section 115JB of the Income-tax Act with effect from assessment year 2006-07. The amount of MAT credit would be equal to the excess of MAT over normal income-tax for the assessment year for which MAT is paid. The MAT Credit so determined

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CA CS CIMA Prakash Somani

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