Minimum alternate tax (mat)
This query is : Resolved
VISHAL ASHOK MADDA
(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.
Aditya Maheshwari
(Expert)
24 December 2011
there is no MAT on exempt income for LLPs
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