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Mat applicability

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 September 2013 Dear Sir

Can any one help me out in the below issue,

My company books show profit of 50Laksh for current year but we have a huge carry forwarded losses, are we need to pay Mat for the current period.
Thanks
Mallikarjun
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Arun Biyani

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Arun Biyani (Expert)
27 September 2013 Yes MAT is payable..
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