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MAT on long term Capital Gain, Income Tax |
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MAT on long term Capital Gain |
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Is Minimum alternate tax (MAT) applicable on shares (long term assets) on which STT was already paid. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
As per Sect.115JB,In calculation of net profit for MAT purpose amount to be duducted which income are exempt from tax,income under sect.10,11,12 will be deducted from total income but not covered sect.10(38).Therefore MAT will be applicable on shares (long term assets)on which STT was already paid. Page: 1 Old Query - New Comments are closed. |
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