Minimum Alternate Tax (MAT) is not a novel concept. It has been in existence in India for at least for the last two decades. The reason for the imposition of MAT is pretty simple – Companies with significant incomes,...

Kunal Bahl, Co-Founder of Snapdeal in his latest interview to Economic Times has stated , "We are an IT company and we are a software company. We are not an ecommerce company". Ironically, the same gentleman had said something far...