The Central Board of Direct Taxes ( CBDT ) has issued clarifications in respect of option exercised under Section 115BAA of the Income Tax Act, 1961 inserted through the Taxation Laws (Amendment) Ordinance, 2019. The Ordinance amended section 115JB of the Act relating to Minimum Alternate Tax ( MAT ) so as to, inter alia […]
The post No MAT Credit Available If Domestic Company opts for Concessional Tax Regime: CBDT [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.
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