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Mat rate for F.Y 2009-10

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05 October 2009 What is Mat rate for the financial year 2009-10.
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
05 October 2009 15%
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makarand patade

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makarand patade (Querist)
05 October 2009 but as per income tax site wording is as follows " Words “fifteen per cent” shall be substituted for “ten per cent” by the Finance (No. 2) Act, 2009, w.e.f. 1-4-2010."

What does it mean ?
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
05 October 2009 It means the rate is 15% for the Assessment Year 2010-11.
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