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MAT Applicability

This query is : Resolved 

16 March 2011 If there is a book profit and taxable income is nil because of Brought Forward Loss, is MAT applicable?

16 March 2011 Yes MAT applicable.

16 March 2011 Because Taxable income as per MAT is final Income we are showing i.e after considering after all adj lke carry forward dep n carry forward loss etc.


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