Minimim Alternate Tax
This query is : Resolved
27 July 2009
Could anybody answer the following:-
What is the formula for calculation of MAT for COMPANIES as well as for PARTNERSHIP FIRMS?
What is the formula for calculation of MAT for COMPANIES as well as for PARTNERSHIP FIRMS?
27 July 2009
Minimum alternative tax is not applicable for partnership firms. It is applicable only for corporate assessees. For details you may refer section 115JB of the Income tax act,1961 in www.incometaxindia.gov.in because a brief answer for the query is not possible.
27 July 2009
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