https://www.taxtmi.com/article/detailed?id=1043 The article urges repeal of Minimum Alternate Tax under section 115JB, arguing that the original policy justifications for a book profit based minimum tax have been substantially eroded by withdrawal or restriction of tax incentives, narrowed depreciation differences, changes to loss carry forward rules, and the imposition of tax on distributed profits; it further contends that exempt incomes and post MAT incentives should not be included in book profit and therefore recommends omission of section 115JB. en-us Fri, 03 Dec 2010 00:00:00 +0530 Fri, 03 Dec 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1043 The article urges repeal of Minimum Alternate Tax under section 115JB, arguing that the original policy justifications for a book profit based minimum tax have been substantially eroded by withdrawal or restriction of tax incentives, narrowed depreciation differences, changes to loss carry forward rules, and the imposition of tax on distributed profits; it further contends that exempt incomes and post MAT incentives should not be included in book profit and therefore recommends omission of section 115JB. Articles Income Tax Fri, 03 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=1043