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CBDT: No MAT Credit for Companies Opting for Lower Corporate Tax Rate - (03 Oct 2019)

DIRECT TAXATION

Central Board of Direct Taxes (CBDT) has issued a detailed circular that Minimum Alternate Tax (MAT) credit will not be available to a company that opts for lower corporate tax rate of 22%. However, companies will have the option to go for the new regime after completely utilising MAT credit.

Tags : CBDT   MAT CREDIT  

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