Budget 2017: Companies can now carry their tax credit under MAT, AMT for 15 years
Ameen Khwaja, Founder & CEO, LatestOne.com “Push for digital economy is a positive step towards Digital India. However, was expecting more benefits for startups and MSMEs. Few benefits are good like - the increase in the tax break segment, MAT can be carried forward to 15 years and 5% reduction in income tax for MSMEs."
Budget decided to carry forward the period of minimum alternative tax (MAT) and Alternative Minimum Tax (AMT) by five more years. Photo: Pixabay