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MINIMUM ALTERNATIVE TAX

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(Querist)
13 September 2007 IS SURCHARGE AND EDUCATION CESS LIABLE IN CASE OF MAT (i.e. 10% OF ADJUSTED BOOK PROFIT + SURCHARGE + EDUCATION CESS)
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Raj

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Raj (Expert)
14 September 2007 In current A.Y. if Book profit is more than Rs.1 crore then surcharge will be applicable, other wise only basic rate+ edu cess shall be leviable

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