MAT allowed to be carry forward to 15 years instead of 10

In order to make ,MSME companies more viable, income tax for smaller companies with annual turnover upto Rs. 50 Crore is reduced to 25% Government allows carry forward of minimum alternate tax (mat) upto a period of 15 years instead of 10 years To give boost to banking sector, allowable provision for non performing asset increased from 7.5 % to 8.5% The basic customs duty on LNG reduced from 5% to 2.5%. Presenting the General Budget 2017-18 in Parliament today, the Union Minister f

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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