115jb mat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2013
I am working in food processing industry and eligible for income tax exemption u/s 80IB of IT Act. I have doubt whether the company still has to pay MAT.
29 August 2013
Yes the company is liable to pay MAT even if it is claiming deduction u/s 80IB.
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