OrbitaxIndia Provides MAT Relief for Insolvent Companies
|Approved Changes|India
On 6 January 2018, India's Ministry of Finance issued a release announcing Minimum Alternate Tax (MAT) relief with respect to losses brought forward by companies going through insolvency proceedings.
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Relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016
The existing provisions of section 115JB of the Incom…