DDT as I-T must be added to 'book profit' while computing MAT

CA Nikita , Last updated: 21 June 2007  
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The increase in the dividend distribution tax (DDT) rate in the Finance Act 2007 was viewed sceptically by the industry. The levy of minimum alternate tax (MAT) on the IT sector, which is enjoying tax deduction under section 10A/10B of the Income Tax Act on export profits, met with the same fate. It

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CA Nikita
(Chartered Accountant)
Category Income Tax   Report

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