applicability of MAT
This query is : Resolved
reachsridar
(Querist)
13 February 2008
our client is located in a special economic zone, as per changes in mat, sez companies should have to pay tax on entire book profit @ 10% without allowing for deduction for income under section 10A
Whether it is right? please explain about new changes & applicability of mat in special economic zone
Whether it is right? please explain about new changes & applicability of mat in special economic zone
S.Srinivasaraghavan
(Expert)
26 February 2008
Please refer to Section 115JB(6) which exempts units in SEZ from MAT.
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