https://www.taxtmi.com/article/detailed?id=8304 Section 115JB (Minimum Alternate Tax) should be discontinued because treating book profits or capital receipts as taxable income exceeds constitutional taxing power, creates presumptions against taxpayers, and operates without uniform accounting standards; additionally, policy changes-tax on distributed dividends, lower depreciation rates, removal of incentives, reduced exemptions, and low dividend distribution by most companies-erode the original justification for MAT and warrant its repeal. en-us Mon, 31 Dec 2018 11:55:06 +0530 Mon, 31 Dec 2018 11:55:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8304 Section 115JB (Minimum Alternate Tax) should be discontinued because treating book profits or capital receipts as taxable income exceeds constitutional taxing power, creates presumptions against taxpayers, and operates without uniform accounting standards; additionally, policy changes-tax on distributed dividends, lower depreciation rates, removal of incentives, reduced exemptions, and low dividend distribution by most companies-erode the original justification for MAT and warrant its repeal. Articles Income Tax Mon, 31 Dec 2018 11:55:06 +0530 https://www.taxtmi.com/article/detailed?id=8304