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Alternative Minimum Tax News
Alternative Minimum Tax
Corporates anxiously await govt stand on MAT, AMT in upcoming Budget
Tue, Jan 09, 2018
Initially, the MAT was introduced for companies and was later made applicable to all other taxpayers in the form of AMT.
U.S. Senate approves major tax cuts in victory for Trump
Sun, Dec 03, 2017
In what would be the largest change to U.S. tax laws since the 1980s, Republicans want to add $1.4 trillion over 10 years to the $20 trillion national debt to finance changes that they say would further boost an already growing economy.
Senate Republicans release new version of tax bill
Sat, Dec 02, 2017
The changes in the "substitute amendment" released by Senate Finance Committee Chairman Orrin Hatch on Friday night include an increase in the deduction for pass-through business income from 17.4 per cent to 23 per cent, reports.
Budget 2017: Companies can now carry their tax credit under MAT, AMT for 15 years
Wed, Feb 01, 2017
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."