https://www.taxtmi.com/news?id=1173 The paper critiques the DTC proposal to compute Minimum Alternate Tax (MAT) on the value of gross assets-comprising gross block, capital works in progress and book value of other assets less depreciation-and notes MAT would be a final tax. It records stakeholder concerns that an asset based MAT burdens loss making and long gestation companies, includes non revenue assets, causes cascading effects in multi tier groups, conflicts with investment linked incentives, and lacks carry forward relief. Consequently, the paper proposes computing MAT with reference to book profit. en-us Tue, 15 Jun 2010 22:47:37 +0530 Tue, 15 Jun 2010 22:47:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1173 The paper critiques the DTC proposal to compute Minimum Alternate Tax (MAT) on the value of gross assets-comprising gross block, capital works in progress and book value of other assets less depreciation-and notes MAT would be a final tax. It records stakeholder concerns that an asset based MAT burdens loss making and long gestation companies, includes non revenue assets, causes cascading effects in multi tier groups, conflicts with investment linked incentives, and lacks carry forward relief. Consequently, the paper proposes computing MAT with reference to book profit. News - Tue, 15 Jun 2010 22:47:37 +0530 https://www.taxtmi.com/news?id=1173