Mat

The Government has now considered the issue of applicability of MAT under section 115JB of the Income-tax Act to foreign companies having no place of business/permanent establishment in India

After due consideration of the various aspects of the matter, the Government has decided that with effect from 01.04.2001 the provisions of section 115JB shall not be applicable to a foreign company if —

• the foreign company is a resident of a country having DTAA with India and such foreign company does not have a permanent establishment within the definition of the term in the relevant DTAA, or

• the foreign company is a resident of a country which does not have a DTAA with India and such foreign company is not required to seek registration under section 592 of the Companies Act 1956 or section 380 of the Companies Act 2013

Thank you sir....

Can u provide any more info on MAT or where it can be avaiable ? i.e. latest data related to MAT or anything

Ntification issued as on 24th September, 2015

Any update friends ?

Notification issued as on 24th September, 2015 attached

 

Thanks Jaya...

This notification i have already...

It will really helpful if you provide with stuff related to MAT...I am making one assignment !

Thanks & Regards,