Applicability of MAT
This query is : Resolved
Dharmishta Tank
(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.
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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