MINIMUM ALTERNATIVE TAX -115JB OF INCOME TAX ACT, 1961

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..... weather sale of agriculture land beyond 8 km from municipal limits by a company attracts MAT or not .pleaseclarift thanks - Reply By GOPALJI AGRAWAL - The Reply = Since agricultural land is not ca .....

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..... pital asset hence its gain is not taxable under income tax. But there is no exclusion clause in the MAT provisions for excluding such incomes. However in a case of Delhi Gymkhana Club Limited Vs. CIT .....

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..... 2010, it was held that income not taxable on the ground of mutuality can not be taxed u/s 115JB. I also seek any different view on the matter. - Reply By b g reddy - The Reply = GOPALJI AGR .....

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..... AWAL ,thank you very much for the reply to my query, but we did not find the Delhi Gymkhana Club Limited Vs. CIT 2010 case details,please clarify this where we get the case details - MINIMUM ALTERNAT .....

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..... IVE TAX -115JB OF INCOME TAX ACT, 1961 - Query Started By: - b g reddy Dated:- 18-4-2011 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, pers .....

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..... onal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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