I want to know that a Private limied Company which commence the business as on 02/08/2004 in SEZ and claiming deduction u/s. 10A. Now in F.Y. 2010 - 2011 being 7th year of incorporation. I want to know that whether MAT u/s.115JB application and Tax is Payable under MAT or it is exempt. I have read that MAT is applicble from the A.Y. 2007 - 2008 ON BOOK PROFIT of the company claimig deduction u/s. 10A and taxis payable under MAT. Please guide me in this matter so that i can take necessary action further and guide to my client.