12 May 2008
the present rate of MAT U/s 115 JB is 10% plus SC n EC and effective rate would be 11.33%. Major change in MAT computation is that DTL if debited to P&L is to be added back to book profits and vice versa in respect of DTA. This is with retrospective effect from 2001-2002.Similarly Dividend tax and interest of IT to be added back of vice versa retrospectively.
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