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Exemption u/s 10(38) and mat.

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(Querist)
29 December 2014 What is the logic in Taxing LTCG u/s 10(38) incase of companies by way of MAT?
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
29 December 2014 The logic was simple to charge taxes on Long term Capital Gain on listed equities which is held by Companies by taking route of MAT computation
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
30 December 2014 agreed with Mukesh Ji....
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