MAT on long term Capital Gain

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....AT on long term Capital Gain<br> Query (Issue) Started By: - Common Issues Dated:- 18-9-2011 Last Reply Date:- 19-9-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>Is Minimum alternate tax (MAT) appli....

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....cable on shares (long term assets) on which STT was already paid. Reply By subhash barnwal: The Reply: As per Sect.115JB,In calculation of net profit for MAT purpose amount to be duducted which inco....

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....me are exempt from tax,income under sect.10,11,12 will be deducted from total income but not covered sect.10(38).Therefore MAT will be applicable on shares (long term assets)on which STT was already p....

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....aid.<br> Discussion Forum - Knowledge Sharing ....