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Minimum alternate tax

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(Querist)
10 October 2014 I want to know if rent received in advance should be considered for the purpose of MAT? Also if the company has a guest house, rent received through it be considered for the purpose of minimum alternate tax?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
12 October 2014 amount received in advance wont form part of p&l and accordingly wont impact MAT computation.

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