Relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016 https://www.taxtmi.com/news?id=19342 Relaxation to the computation of Minimum Alternate Tax under section 115JB permits companies whose corporate insolvency resolution applications have been admitted under the IBC to reduce the entire amount of total loss brought forward, including unabsorbed depreciation, from book profit for MAT purposes, effective from Assessment Year 2018-19; an appropriate legislative amendment will be made in due course. en-us Tue, 09 Jan 2018 10:53:57 +0530 Tue, 09 Jan 2018 10:53:57 +0530 TaxTMI RSS Generator Relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016 https://www.taxtmi.com/news?id=19342 Relaxation to the computation of Minimum Alternate Tax under section 115JB permits companies whose corporate insolvency resolution applications have been admitted under the IBC to reduce the entire amount of total loss brought forward, including unabsorbed depreciation, from book profit for MAT purposes, effective from Assessment Year 2018-19; an appropriate legislative amendment will be made in due course. News - Tue, 09 Jan 2018 10:53:57 +0530 https://www.taxtmi.com/news?id=19342