On applicability of mat
This query is : Resolved
ketan goenka
(Querist)
04 October 2016
If a company has profit from currency market is mat applicable on it
07 October 2016
Yes, MAT will be applicable to the company in your description. MAT is not applicable to an assessee being an FII in the nature of capital gains arising on transactions on securities, however, they are liable to pay MAT on short-term capital gain arising on transaction in securities on which STT is not chargeable
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