Revised DTC Shelves Gross Asset MAT proposal !

Filed under Direct Tax Code by taxworry on June 16, 2010 at 9:19 am {no comments}

The Direct Tax Code had proposed a Minimum Alternate Tax (MAT) on companies calculated with reference to the “value of gross assets”.It was proposed in the first DTC that the “value of gross assets” will be the aggregate value as on the last day of the relevant financial year of the

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