Companies facing insolvency proceedings, their lenders and investors hoping to bid for assets of such companies have a reason to cheer. The tax department has announced that companies admitted for corporate insolvency will be exempted from Minimum Alternate Tax (MAT).
- Suraj Nangia, Partner shares his views on the queries raised by Financial Express readers.
http://www.financialexpress.com/money/gift-received-from-specified-relatives-is-not-liable-to-tax/1007165/
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