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Minimum Tax brings Maximum Woes!

MAT At 2% On Value Of Gross Assets Can Spell Corporate Doom! Companies floored on MAT by hard tax punch! Minimum Alternate Tax (MAT), to be paid at 2% on the gross value of assets of a company, presumes 8% average rate of return on assets, an impractical economic assumption in several cases.  While Code aims at encouraging investment-linked tax incentives, the proposed MAT will be a huge disincentive for capital...

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