sankar ganesh (studying CA inter) (44 Points)
09 September 2015
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 11 September 2015
M.r. Jaitley in Budget 2015-16 has exempted FIIs from paying MAT with effect from April 1, 2015.
MAT on FIIs has been abolished from April 1 this year and the government has now decided to amend the Income Tax Act to clarify that it is not applicable even prior to that.
MAT provisions will not be applicable to FIIs/FPIs (foreign portfolio investors) not having a place of business/ permanent establishment in India, for the period prior to April 1, 2015,"
sankar ganesh
(studying CA inter)
(44 Points)
Replied 11 September 2015
Thank you sir for your explanation I want to know whether any Mat exemption for Export Oriented Unit (EOU).
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 16 September 2015
Hello
Yes, At present MAT provision applicable on EOU units.
Abolition oF DDT and MAT on SEZs /EOUs
As per the original provisions under the Special Economic Zones (SEZs) Act, 2005 and Rules, 2006, exemption from Minimum Alternate Tax (MAT) in the case of SEZ Developers and Units
The provisions of Minimum Alternate Tax (MAT) have been made applicable to Special Economic Zone (SEZ) Developers and Units with effect from 1st April, 2012
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