In the Union Budget 2011, there was 18% MAT imposed on special economic zones (SEZs). According to the latest updates, there will be no rollback of MAT on SEZs, reports CNBC-TV18's Aakansha Sethi quoting government sources.
Final draft of the finance bill contains MAT on SEZs and the bill will be taken up in the parliament on March 22nd or 23rd.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
