https://www.taxtmi.com/article/detailed?id=5699 Proposal to abolish Minimum Alternate Tax under Section 115JB because the original rationale-large book profits combined with untaxed distributed profits-has been eroded by the introduction of tax on dividends and the withdrawal or reduction of investment incentives. The article contends MAT now operates irrespective of dividends, undermines incentive policy, burdens companies with separate book-profit computations and credit accounting, generates litigation and provisional collections subject to future refunds or adjustments, and may raise constitutional doubts; it recommends withdrawal of Section 115JB. en-us Wed, 02 Jul 2014 08:56:46 +0530 Wed, 02 Jul 2014 08:56:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5699 Proposal to abolish Minimum Alternate Tax under Section 115JB because the original rationale-large book profits combined with untaxed distributed profits-has been eroded by the introduction of tax on dividends and the withdrawal or reduction of investment incentives. The article contends MAT now operates irrespective of dividends, undermines incentive policy, burdens companies with separate book-profit computations and credit accounting, generates litigation and provisional collections subject to future refunds or adjustments, and may raise constitutional doubts; it recommends withdrawal of Section 115JB. Articles Income Tax Wed, 02 Jul 2014 08:56:46 +0530 https://www.taxtmi.com/article/detailed?id=5699