01 March 2011
The provisions of MAT contained in section 115JB would not apply to the following incomes accruing or arising on or after 1st April 2005 –
1. Income from any business carried on by an entrepreneur in a SEZ (10AA); 2. Income from the services rendered by an entrepreneur from a unit in a SEZ (10AA); 3. Income of a Developer from the development of a SEZ. (80IAB)
01 March 2011
yes that is what from the financial year 01-04-11 as per the yesterday's budget,it is going to be applied even to the units located in SEZ @ 18.5%.is it not.
CAclubindia
