New Direct Taxes Code Bills

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The 2% MAT on assets seems to be a negative point in case of investment companies and also companies making losses. Views of others are also invited.

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Yes certainly,. It will not only make the company to resist building assets, as the MAT is a final tax and no credit is allowed. I think Mat should be on the basis of sum assumed income of the company. various quators of the industries has pointed out chinks in this policy, i hope, this provision will be passed in some modified form. Taxing income on the basis of asset is not a sound practice. though the finance ministry's view that this will make the compnay to earn a minimum profit based upon its assets do holds water, but it has to be seen within hte global scenario.......company's can't fend for themselves, govt. has to extend tax incentives and breaks for certain industries to grow..........