MINIMUM ALTERNATIVE TAX
This query is : Resolved
13 September 2007
IS SURCHARGE AND EDUCATION CESS LIABLE IN CASE OF MAT (i.e. 10% OF ADJUSTED BOOK PROFIT + SURCHARGE + EDUCATION CESS)
14 September 2007
In current A.Y. if Book profit is more than Rs.1 crore then surcharge will be applicable, other wise only basic rate+ edu cess shall be leviable
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