Minimum Alternate Tax


This query is : Resolved 

25 August 2008 I need to know that IS provisions of MAT applicable to Software Firms also?????

CHEZHIYAN (Expert)
25 August 2008 Its Applicable for All Companies

25 August 2008 Please be clear. There is difference in words 'Firm' and 'Company'. MAT is applicable only for companies.

Jitender (Expert)
25 August 2008 as per the amendment ,it is now applicable.

26 August 2008 thanks


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