adv dileep (proprieter) (30 Points)
06 March 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 06 March 2017
The payment of Minimum Alternate Tax or MAT is only to be done by companies and this taxation concept is not applicable to individuals, HUFs, partnership firms etc.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 06 March 2017
In the year 2011, the law was modified to include all such companies operating in SEZs and earning profit from business there, under the Section 115JB for MAT payment.
CAclubindia
