Mat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 December 2011
I have Exempted Long term Capital Gain (STT Paid on Sale of shares).But While Calculation of Book Profit for the purpose of MAT .What is the Treatment of that LTCG in A.Y 2009-10 . but i paid STT is it seem to Double Taxation on taking in to MAT
28 December 2011
Income exempt u/s 10(38) is required to be included in book profits for the purpose of MAT.
That means that book profit includes LTCG exempt u/s 10(38).
That means that book profit includes LTCG exempt u/s 10(38).
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