We have sold one property of our pvt. ltd. company & paid necessary long term capital gain tax.
Question- Is MAT applicability on long-term capital gains.
No.
MAT is applicable only on business income i.e Net profit
T T Parwani (Others) (86 Points)
21 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 21 August 2018
No.
MAT is applicable only on business income i.e Net profit
T T Parwani
(Others)
(86 Points)
Replied 21 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 22 August 2018
| Originally posted by : T T Parwani | ||
 |
Thanks for the reply, If MAT is more than long term capital gain tax even then we are not supposed to pay mat.Regards |  |
Yes
T T Parwani
(Others)
(86 Points)
Replied 23 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 23 August 2018
Suppose to pay whichever is maximum MAT or Actual calculated tax
T T Parwani
(Others)
(86 Points)
Replied 23 August 2018
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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