Pls help me out......
I wanted to know if AMT (alternate minimum tax) or MAT (minimum alternate tax) is applicable to Soleproprietorship concern having their pricipal office in an Sez Zone.or not applicable.
I have read the first line of the below link and assumed that it is not applicable.
https://www.taxindiaonline.com/RC2/inside2.php3?filename=olinks/contactus.htm
pls give your views
MAT only applicable to companies.
AMT is not applicable to Individuals, Huf, Aop, Boi, Ajp if adjusted income of the assesse does not exceed Rs 20 Lakhs.
yes it is applicable to the units claiming exemptions/deductions u/s 10AA (i.e Special provisions in respect of newly established Units in Special Economic Zones)
MANUJ SHARMA AND COMPANY
Noida
CA Inter
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
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CCI
Pro
CAclubindia
