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GVK Power urges govt to rethink high MAT rate

Speaking to CNBC-TV18 about his budget expectations, Isaac George, CFO, GVK Power, said, the minimum alternate tax (MAT) has risen to 20% and is eating up all the tax benefits enjoyed by infrastructure companies.

February 25, 2011 / 16:13 IST
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Speaking to CNBC-TV18 about his budget expectations, Isaac George, CFO, GVK Power, said, "The minimum alternate tax (MAT) has risen to 20% and is eating up all the tax benefits enjoyed by infrastructure companies.

first published: Feb 25, 2011 02:04 pm

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