Applicability of MAT to sec. 25 company
This query is : Resolved
11 July 2009
i want to know whether mat is applicable to sec. 25 companies?? if yes.. & they have taken 12A registration what are its implication? also please send me mat computation table at devesh.840@gmail.com.
11 July 2009
If they have taken 12A registration then it will taxed as trusts and not as companies. Mat is applicable to companies only. Therefore mat will not be applicable to section 25 company which being assessed in the status of trust under income tax act.
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