Minimum Alternate Tax
This query is : Resolved
19 June 2010
The profit of a SEZ Unit, exempted U/s.10AA is attracted to MAT or not.
Is the unit required to pay the Tax U/s.115JB of Income Tax Act if the total profit in the normal procedure is wholy exempted.
Is the unit required to pay the Tax U/s.115JB of Income Tax Act if the total profit in the normal procedure is wholy exempted.
19 June 2010
Yes MAT required to be paid even if income is exempt u/s 10AA as the profits are not an eligible deduction from book profit
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