Under the Income-tax Act, 2025, what is the minimum alternate tax (MAT) treatment of a domestic company…
Minimum alternate tax is not applicable to domestic companies that have opted for the specified concessional corporate tax regimes under the Income-tax Act, 2025. This is an…
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Under the Income-tax Act, 2025, what is the minimum alternate tax (MAT) treatment of a domestic company opting for either the concessional corporate tax regime or the concessional regime for new manufacturing domestic companies?
Answer and explanation
Correct answer B
Minimum alternate tax is not applicable to domestic companies that have opted for the specified concessional corporate tax regimes under the Income-tax Act, 2025. This is an exemption from MAT, rather than a MAT rate of 9%, 22% or 15%. The ordinary income-tax liability under the chosen regime remains payable.
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Gujarat SET (GSET)