https://www.taxtmi.com/forum/issue?id=3992 The advisory notes that dividend income covered by the dividend exemption and declared under the dividend distribution regime should be deducted while computing book profit for MAT purposes, and that long term capital gain exempt under the capital gains exemption is treated as exempt for book profit computation; the responder also advises verifying the normal tax calculation and notes surcharge and cesses may affect tax, and specifies the MAT rate used in the calculation. en-us Thu, 05 Apr 2012 12:39:06 +0530 Thu, 23 Jan 2025 15:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3992 The advisory notes that dividend income covered by the dividend exemption and declared under the dividend distribution regime should be deducted while computing book profit for MAT purposes, and that long term capital gain exempt under the capital gains exemption is treated as exempt for book profit computation; the responder also advises verifying the normal tax calculation and notes surcharge and cesses may affect tax, and specifies the MAT rate used in the calculation. Discussion-Forum Income Tax Thu, 05 Apr 2012 12:39:06 +0530 https://www.taxtmi.com/forum/issue?id=3992