MAT 115JB
This query is : Resolved
20 September 2009
1. Whether the MAT provisions are applicable to Sec 10 A/10 B companies? If not why?
2. Whether the Tax Audit is applicable at pre incorporation stage of foreign collaboration?
2. Whether the Tax Audit is applicable at pre incorporation stage of foreign collaboration?
21 September 2009
Finance Act, 2007 has extended the applicability of MAT to companies enjoying tax holiday under Section 10A/10B of the Income-Tax Act, 1961. (PY 07-08)
Pre incorporation stage would mean no business yet formed . no tax audit , 44AB not attracted
Pre incorporation stage would mean no business yet formed . no tax audit , 44AB not attracted
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