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

Last updated: 01 February 2017

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 provis

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