MAT on long term Capital Gain

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..... MAT on long term Capital Gain
Query (Issue) Started By: - Common Issues Dated:- 18-9-2011 Last Reply Date:- 19-9-2011 Income Tax
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Income Tax
Is Minimum alternate tax (MAT) appl .....

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..... icable on shares (long term assets) on which STT was already paid. Reply By subhash barnwal: The Reply: As per Sect.115JB,In calculation of net profit for MAT purpose amount to be duducted which inc .....

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..... ome 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 .....

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..... paid.
Discussion Forum - Knowledge Sharing .....

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