Minimim Alternate Tax

This query is : Resolved 

27 July 2009 Could anybody answer the following:-
What is the formula for calculation of MAT for COMPANIES as well as for PARTNERSHIP FIRMS?

27 July 2009 Minimum alternative tax is not applicable for partnership firms. It is applicable only for corporate assessees. For details you may refer section 115JB of the Income tax act,1961 in www.incometaxindia.gov.in because a brief answer for the query is not possible.

27 July 2009 agree with the expert


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