11 November 2011
I would like to know as to whether MAT provisions are applicable in case a company is having only rental income and long term capital gain on sale of property from which rental income was earned.
12 November 2011
Only exemption under MAT is for a. Sec 25 companies b. SEZ unit c. Shipping Company covered under tonnage tax scheme. There are no exemptions on applicability of MAT based on type of income the company earns.
CAclubindia
