Finance ministry refuses to end Mat, ddt on sezs

New Delhi: The finance ministry has rejected demands of the commerce ministry to remove minimum alternate tax on special economic zones, Parliament was infored on Friday. There have been demands from various quarters for discontinuing minimum alternate tax (MAT) and dividend distribution tax (DDT) imposed on special economic zone (SEZ) units and developers respectively, commerce and industry minister Nirmala Sitharama said in a written reply to Lok Sabha.

As of now a total of 196 SEZs are functional with maximum number of such zones in TN, Maharashtra, Karnataka and Telangana.