APPLICABILITY OF MAT & 80 IA
This query is : Resolved
CA skmnair
(Querist)
07 August 2007
Please tell me soon, whether MAT is applicable for a company which excempted from Tax U/S 80IA
shipra walia
(Expert)
08 August 2007
yes , MAT is exempted for the companies having income exempt u/s 10A 10B(upto A.Y 2007-08) or sec 11 or 12...
Therefore if a company is eligible for exemption u/s 80IA or IB then it is chargeable under MAT
Therefore if a company is eligible for exemption u/s 80IA or IB then it is chargeable under MAT
CA skmnair
(Querist)
08 August 2007
Thank u Shipra
I couldnt understand one thing that, MAT is excepmted for companies having income u/s 10A 10B how it will affact 80IA IB and , both are different na.
I couldnt understand one thing that, MAT is excepmted for companies having income u/s 10A 10B how it will affact 80IA IB and , both are different na.
08 August 2007
hello!!
Nowhere in the law it is mentioned that MAT is not applicable for a company which exempted from Tax U/S 80IA...but it is specifically mentioned that MAT is exempted for the companies having income exempt u/s 10A 10B(upto A.Y 2007-08) or sec 11 or 12..
Nowhere in the law it is mentioned that MAT is not applicable for a company which exempted from Tax U/S 80IA...but it is specifically mentioned that MAT is exempted for the companies having income exempt u/s 10A 10B(upto A.Y 2007-08) or sec 11 or 12..
09 August 2007
From the P.Y 2007-08 MAT also applicable to Sec. 10A & 10B companies.
CA skmnair
(Querist)
10 August 2007
Thank You Very Much Nikita
CA skmnair
(Querist)
10 August 2007
Thank You Raj
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
