MAT for AY 2007-08
This query is : Resolved
27 October 2007
Kindly clarify whether MAT is applicable for the Assessment Year 2007-08 to a Company whose income is exempt u/s 10B.
28 October 2007
YES.MAT IS CALCULATED IGNORING INCOMES EXEMPTED UNDER SEC 10.
ONLY SEZ UNITS ARE EXEMPT FROM MAT.
R.V.RAO
ONLY SEZ UNITS ARE EXEMPT FROM MAT.
R.V.RAO
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