https://www.taxtmi.com/news?id=13127 MAT was extended to SEZ developers and units from 1 April 2012, reversing an exemption previously created by the SEZ Act, 2005 which excluded SEZ income from MAT. The policy rationale was tax equity-ensuring corporate participants contribute despite exemptions-and MAT paid may be carried forward as credit to set off against future regular tax under the Income tax rules. en-us Fri, 18 Jul 2014 18:05:55 +0530 Fri, 18 Jul 2014 18:05:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13127 MAT was extended to SEZ developers and units from 1 April 2012, reversing an exemption previously created by the SEZ Act, 2005 which excluded SEZ income from MAT. The policy rationale was tax equity-ensuring corporate participants contribute despite exemptions-and MAT paid may be carried forward as credit to set off against future regular tax under the Income tax rules. News - Fri, 18 Jul 2014 18:05:55 +0530 https://www.taxtmi.com/news?id=13127