MAT on long term Capital Gain

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Is Minimum alternate tax (MAT) applicable 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 (lon .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... g term assets)on which STT was already paid. - MAT on long term Capital Gain - Query Started By: - Common Issues Dated:- 18-9-2011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowled .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X