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MAT Applicability

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(Querist)
16 March 2011 If there is a book profit and taxable income is nil because of Brought Forward Loss, is MAT applicable?
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
16 March 2011 Yes MAT applicable.
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sudhakar ca cwa

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sudhakar ca cwa (Expert)
16 March 2011 Because Taxable income as per MAT is final Income we are showing i.e after considering after all adj lke carry forward dep n carry forward loss etc.
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