applicability of MAT
This query is : Resolved
reachsridar
(Querist)
14 February 2008
our client is located in a special economic zone, as per changes in mat, sez companies should have to pay tax on entire book profit @ 10% without allowing for deduction for income under section 10A Whether it is right? please explain about new changes & applicability of mat in special economic zone
S.Srinivasaraghavan
(Expert)
26 February 2008
SEZ units are exempt from MAT as per Section 115JB(6)
01 July 2012
You can refer following circular of finance act in this concern
CIRCULAR NO. 02/2012 [F. NO.142/01/2012-SO(TPL)], DATED 22-5-2012
In that Point No. 19
CIRCULAR NO. 02/2012 [F. NO.142/01/2012-SO(TPL)], DATED 22-5-2012
In that Point No. 19
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