There are two units of the same software company,one is not in SEZ and other is in SEZ.Should we tax them Under MAT U/S.115JB for the SEZ unit and normal tax for the other unit or apply same rates for both.ie.can we apply MAT for both units.
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MAT Applicability
Replies (1)
Hi Friend,
MAT shall be applicable to the company.
Only thing is while calculating Book profit u/s 115JB - All receipts & expenses of that SEZ unit has to be excluded -Just like the way when one of the undertaking used to claim deduction u/s 10A/B earlier.
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