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
6 Replies
T T Parwani
(Others)
(86 Points)
Replied 21 August 2018
Thanks for the reply, If MAT is more than long term capital gain tax even then we are not supposed to pay mat.
Regards
Regards
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
yes mean supposed to pay mat OR not supposed to pay mat.
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
Your ist answer (mat applicable only on business income ), is capital gain income business income?
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