« Top Headlines » Open DEMAT Account in 24 hrs  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer  Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session) «  Curtailing benefit thru Executive action... `Scrap service tax on goods transport agency'... » Reduce MAT to 7.5 pc: Assocham January, 27th 2007 The Associated Chambers of Commerce and Industry of India (Assocham) has suggested reduction in the Minimum Alternate Tax (MAT) from 10 per cent to 7.5 per cent and withdrawal with retrospective effect amendment in the Finance Act 2006 with a view to provide the benefit of Securities Transaction Tax (STT). While Corporate Tax rate for domestic companies has been reduced, the applicable rate of surcharge has been increased from 2.5 per cent to 10 per cent. The enhanced surcharge has been made effective on payment of MAT, Dividend Distribution Tax (DDT) and Fringe Benefit Tax (FBT). Companies enjoying tax benefits in the IT and ITes, power and infrastructure companies are also required to pay higher tax on MAT, DDT and FBT.