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Foreign Tax Credit For Minimum Alternate Tax And Alternate Minimum Tax

MAT: “Minimum Alternate Tax” or “Maximum Aversion Tax”: You read it correctly, MAT is gradually becoming Maximum Aversion Tax because of variety of reasons. If one checks history, MAT is the most disliked tax. It was introduced to collect tax from exempted assessees having book profits and then enlarged to Special Economic Zones including increase […]

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