"MAT has added several problems in assessment of companies and generated inefficiencies, distortions and inadequacies in to the system," Assocham President Mahendra K Sanghi said in a representation to the Finance Minister.
MAT was introduced to tax companies, which distribute dividends but do not pay income tax.
"The finance ministry has deleted cumbersome clauses related to MAT, intending to simply it but it has proved of no avail and therefore it should be scrapped," Sanghi said.
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