11 October 2011
My client is covered under STPI unit and profit from the same business is exempt u/s 10B. But after amendment AY 2008-09 regarding the exclusion of word 10B while calculating boob profit so now my client covered under MAT provison. Bur i come to know some dissicion against this amendment which was published in Bombay Chartered Accountance Journal Nov 2010 edition. As per that dissicison MAT is not applicable to 10B Unit. So i request my all CA friend give some references for the same issue.
CAclubindia
