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?
CA Ravi Sisodia
(Expert)
16 March 2011
Yes MAT applicable.
sudhakar ca cwa
(Expert)
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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