Minimum Alternative Tax: And Indian Scenario

  • Dr. Shalini Kapoor Associate Professor, Department of Commerce Christ church College, Kanpur

Abstract

"MAT is a must for both existing and DTC." The Direct Tax Code (DTC) says it will replace the existing Indian income tax law of 1961. "The changes must be drastically changed if you need to replace the existing provisions in the new regulations." - As finance ministers Pranab Mukherjee Union all taxpayers have done directly in the tax law to draft new IT law from 1 April 2011 Appears but is not implemented. Finally, the Indian Minister of Finance, has been shown to implement the new Direct Tax Code (DTC) as part of April 1, 2012, and during the current reform debate, but will be presented in the European Parliament is still five years this issue this year, 2017 GST (Goods and Services Tax) was introduced on 1 July. Passing is a new income tax law that replaces the existing 40-year IT bill (1961). The aim is to eliminate distortions of the tax structure, introduce appropriate tax levels, expand tax standards, improve tax compliance, simplify tax rates and reduce tax cases. According to the basic information / analysis, most of these targets show that some provisions can be changed. Tax management is a value maximization activity because profit can only be realized in the long term and uncertain.

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Published
2018-03-23
Section
Conference Paper