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MAT and Long term capital gain

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(Querist)
15 January 2020 Company sold an old fixed assets having nominal value in books, resulted in long term capital gain as well as MAT?
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Amol S Joglekar

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Amol S Joglekar (Expert)
16 January 2020 MAT is applicable on capital gains included in book even if same is not liable to be taxed.
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