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115jb mat

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 August 2013 I am working in food processing industry and eligible for income tax exemption u/s 80IB of IT Act. I have doubt whether the company still has to pay MAT.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
29 August 2013 Yes the company is liable to pay MAT even if it is claiming deduction u/s 80IB.

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