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Minimum alternate tax (mat)

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(Querist)
24 December 2011 we have 5 partnership firm in that firm LLP is the partner.after the tax free profit received from partnership firm.if there is any effect of MAT in LLP firm or we can pay any taxes on LLP firm.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
24 December 2011 there is no MAT on exempt income for LLPs

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