11 September 2009
MAT rate for the f.y. 08-09 & a.y. 09-10:
i) Flat rate 10% ii) Surcharge 10% ( 2.5% in case of foreign company) Note: Surcharge is not applicable if book profit does not exceeds Rs.1 crore. iii) Education cess 2% iv) Secondary & higher education cess @ 1%.
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