https://www.taxtmi.com/forum/issue?id=3408 MAT applies to long term capital gains on shares despite STT being paid because the MAT net profit computation allows deductions only for certain exempt incomes and does not include the exemption that covers long term equity gains; therefore such gains are included in book profit for MAT purposes. en-us Sun, 18 Sep 2011 22:13:51 +0530 Thu, 23 Jan 2025 15:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3408 MAT applies to long term capital gains on shares despite STT being paid because the MAT net profit computation allows deductions only for certain exempt incomes and does not include the exemption that covers long term equity gains; therefore such gains are included in book profit for MAT purposes. Discussion-Forum Income Tax Sun, 18 Sep 2011 22:13:51 +0530 https://www.taxtmi.com/forum/issue?id=3408