Minimum Alternative Tax
This query is : Resolved
ganesh Pradhan
(Querist)
27 March 2017
MAT is apppicable to a company. But that company is eligible for 80 IA deduction .Than can the company claim 80 IA deduction .
CA Shubhanshu Jain
(Expert)
27 March 2017
Under normal provisions yes you can claim benefit of 80-IA, but while computing MAT deduction claimed under 80-IA is to be added back in books profits, so under MAT provisions benefit of deductions under section 80I series is not available because one purpose for introducing MAT is to cover companies claiming deduction under 80I series.
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