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Amended MAT Provisions As Contained In Section 115JB Of The Income Tax Act (Act) With Effect From Financial Year (FY) 2015-16 To Exclude The Income . ( Mat Provisions #9)

Photo 9 of 9Amended MAT Provisions As Contained In Section 115JB Of The Income Tax  Act (Act) With Effect From Financial Year (FY) 2015-16 To Exclude The  Income . ( Mat Provisions #9)

Amended MAT Provisions As Contained In Section 115JB Of The Income Tax Act (Act) With Effect From Financial Year (FY) 2015-16 To Exclude The Income . ( Mat Provisions #9)

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MAT

mat1  (mat),USA pronunciation n., v.,  mat•ted, mat•ting. 
n. 
  1. a piece of fabric made of plaited or woven rushes, straw, hemp, or similar fiber, or of some other pliant material, as rubber, used as a protective covering on a floor or other surface, to wipe the shoes on, etc.
  2. a smaller piece of material, often ornamental, set under a dish of food, a lamp, vase, etc.
    • the padded canvas covering the entire floor of a wrestling ring, for protecting the contestants from injury when thrown.
    • a thick pad placed on the floor for the protection of tumblers and others engaged in gymnastic sports.
  3. a thickly growing or thick and tangled mass, as of hair or weeds.
  4. a sack made of matting, as for coffee or sugar.
  5. a slablike footing of concrete, esp. one for an entire building.
  6. a heavy mesh reinforcement for a concrete slab.
  7. go to the mat, to contend or struggle in a determined or unyielding way: The President is going to the mat with Congress over the proposed budget cuts.

v.t. 
  1. to cover with or as if with mats or matting.
  2. to form into a mat, as by interweaving.

v.i. 
  1. to become entangled;
    form tangled masses.
matless, adj. 

As

as1  (az; unstressed əz),USA pronunciation adv. 
  1. to the same degree, amount, or extent;
    similarly;
    equally: I don't think it's as hot and humid today as it was yesterday.
  2. for example;
    for instance: Some flowers, as the rose, require special care.
  3. thought to be or considered to be: the square as distinct from the rectangle; the church as separate from the state.
  4. in the manner (directed, agreed, promised, etc.): She sang as promised. He left as agreed.
  5. as well. See  well 1 (def. 11).
  6. as well as. See  well 1 (def. 12).

conj. 
  1. (used correlatively after an adjective or adverb prec. by an adverbial phrase, the adverbial as, or another adverb) to such a degree or extent that: It came out the same way as it did before. You are as good as you think you are.
  2. (without antecedent) in the degree, manner, etc., of or that: She's good as gold. Do as we do.
  3. at the same time that;
    while;
    when: as you look away.
  4. since;
    because: As you are leaving last, please turn out the lights.
  5. though: Questionable as it may be, we will proceed.
  6. with the result or purpose: He said it in a voice so loud as to make everyone stare.
  7. [Informal.](in dependent clauses) that: I don't know as I do.
  8. [Midland and Southern U.S. and Brit. Dial.]than.
  9. as … as, (used to express similarity or equality in a specified characteristic, condition, etc., as between one person or thing and another): as rich as Croesus.
  10. as far as, to the degree or extent that: It is an excellent piece of work, as far as I can tell.
  11. as for or  to, with respect to;
    in reference to: As for staying away, I wouldn't think of it.
  12. as good as: 
    • equivalent to;
      in effect;
      practically: as good as new.
    • true to;
      trustworthy as: as good as his word.
  13. as how, [Chiefly Midland and Southern U.S.]that;
    if;
    whether: He allowed as how it was none of my business. I don't know as how I ought to interfere.
  14. as if or  though, as it would be if: It was as if the world had come to an end.
  15. as is, in whatever condition something happens to be, esp. referring to something offered for sale in a flawed, damaged, or used condition: We bought the table as is.
  16. as it were, in a way;
    so to speak: He became, as it were, a man without a country.
  17. as long as. See  long1 (def. 39).
  18. as of, beginning on;
    on and after;
    from: This price is effective as of June 23.
  19. as regards, with regard or reference to;
    concerning: As regards the expense involved, it is of no concern to him.
  20. as such: 
    • as being what is indicated;
      in that capacity: An officer of the law, as such, is entitled to respect.
    • in itself or in themselves: The position, as such, does not appeal to him, but the salary is a lure.
  21. as yet, up to the present time;
    until now: As yet, no one has thought of a solution.

pron. 
  1. (used relatively) that;
    who;
    which (usually prec. by such or the same): I have the same trouble as you had.
  2. a fact that: She did her job well, as can be proved by the records.
  3. [New England, Midland, and Southern U.S.]who;
    whom;
    which;
    that: Them as has gets.

prep. 
  1. in the role, function, or status of: to act as leader.

In

in (in),USA pronunciation prep., adv., adj., n., v.,  inned, in•ning. 
prep. 
  1. (used to indicate inclusion within space, a place, or limits): walking in the park.
  2. (used to indicate inclusion within something abstract or immaterial): in politics; in the autumn.
  3. (used to indicate inclusion within or occurrence during a period or limit of time): in ancient times; a task done in ten minutes.
  4. (used to indicate limitation or qualification, as of situation, condition, relation, manner, action, etc.): to speak in a whisper; to be similar in appearance.
  5. (used to indicate means): sketched in ink; spoken in French.
  6. (used to indicate motion or direction from outside to a point within) into: Let's go in the house.
  7. (used to indicate transition from one state to another): to break in half.
  8. (used to indicate object or purpose): speaking in honor of the event.
  9. in that, because;
    inasmuch as: In that you won't have time for supper, let me give you something now.

adv. 
  1. in or into some place, position, state, relation, etc.: Please come in.
  2. on the inside;
    within.
  3. in one's house or office.
  4. in office or power.
  5. in possession or occupancy.
  6. having the turn to play, as in a game.
  7. [Baseball.](of an infielder or outfielder) in a position closer to home plate than usual;
    short: The third baseman played in, expecting a bunt.
  8. on good terms;
    in favor: He's in with his boss, but he doubts it will last.
  9. in vogue;
    in style: He says straw hats will be in this year.
  10. in season: Watermelons will soon be in.
  11. be in for, to be bound to undergo something, esp. a disagreeable experience: We are in for a long speech.
  12. in for it, [Slang.]about to suffer chastisement or unpleasant consequences, esp. of one's own actions or omissions: I forgot our anniversary again, and I'll be in for it now.Also,[Brit.,] for it. 
  13. in with, on friendly terms with;
    familiar or associating with: They are in with all the important people.

adj. 
  1. located or situated within;
    inner;
    internal: the in part of a mechanism.
  2. [Informal.]
    • in favor with advanced or sophisticated people;
      fashionable;
      stylish: the in place to dine; Her new novel is the in book to read this summer.
    • comprehensible only to a special or ultrasophisticated group: an in joke.
  3. well-liked;
    included in a favored group.
  4. inward;
    incoming;
    inbound: an in train.
  5. plentiful;
    available.
  6. being in power, authority, control, etc.: a member of the in party.
  7. playing the last nine holes of an eighteen-hole golf course (opposed to out): His in score on the second round was 34.

n. 
  1. Usually,  ins. persons in office or political power (distinguished from outs).
  2. a member of the political party in power: The election made him an in.
  3. pull or influence;
    a social advantage or connection: He's got an in with the senator.
  4. (in tennis, squash, handball, etc.) a return or service that lands within the in-bounds limits of a court or section of a court (opposed to out).

v.t. Brit. [Dial.]
  1. to enclose.

Section

sec•tion (sekshən),USA pronunciation n. 
  1. a part that is cut off or separated.
  2. a distinct part or subdivision of anything, as an object, country, community, class, or the like: the poor section of town; the left section of a drawer.
  3. a distinct part or subdivision of a writing, as of a newspaper, legal code, chapter, etc.: the financial section of a daily paper; section 2 of the bylaws.
  4. one of a number of parts that can be fitted together to make a whole: sections of a fishing rod.
  5. (in most of the U.S. west of Ohio) one of the 36 numbered subdivisions, each one square mile (2.59 sq. km or 640 acres), of a township.
  6. an act or instance of cutting;
    separation by cutting.
    • the making of an incision.
    • an incision.
  7. a thin slice of a tissue, mineral, or the like, as for microscopic examination.
  8. a representation of an object as it would appear if cut by a plane, showing its internal structure.
  9. [Mil.]
    • a small unit consisting of two or more squads.
    • Also called  staff section. any of the subdivisions of a staff.
    • a small tactical division in naval and air units.
    • a division of a sleeping car containing both an upper and a lower berth.
    • a length of trackage, roadbed, signal equipment, etc., maintained by one crew.
  10. any of two or more trains, buses, or the like, running on the same route and schedule at the same time, one right behind the other, and considered as one unit, as when a second is necessary to accommodate more passengers than the first can carry: On holidays the New York to Boston train runs in three sections.
  11. a segment of a naturally segmented fruit, as of an orange or grapefruit.
  12. a division of an orchestra or band containing all the instruments of one class: a rhythm section.
  13. [Bookbinding.]signature (def. 8).
  14. Also called  section mark. a mark used to indicate a subdivision of a book, chapter, or the like, or as a mark of reference to a footnote.
  15. [Theat.]one of a series of circuits for controlling certain lights, as footlights.
  16. shape (def. 12).

v.t. 
  1. to cut or divide into sections.
  2. to cut through so as to present a section.
  3. to make an incision.

Of

of1  (uv, ov; unstressed əv or, esp. before consonants, ə),USA pronunciation prep. 
  1. (used to indicate distance or direction from, separation, deprivation, etc.): within a mile of the church; south of Omaha; to be robbed of one's money.
  2. (used to indicate derivation, origin, or source): a man of good family; the plays of Shakespeare; a piece of cake.
  3. (used to indicate cause, motive, occasion, or reason): to die of hunger.
  4. (used to indicate material, component parts, substance, or contents): a dress of silk; a book of poems; a package of cheese.
  5. (used to indicate apposition or identity): Is that idiot of a salesman calling again?
  6. (used to indicate specific identity or a particular item within a category): the city of Chicago; thoughts of love.
  7. (used to indicate possession, connection, or association): the king of France; the property of the church.
  8. (used to indicate inclusion in a number, class, or whole): one of us.
  9. (used to indicate the objective relation, the object of the action noted by the preceding noun or the application of a verb or adjective): the ringing of bells; He writes her of home; I'm tired of working.
  10. (used to indicate reference or respect): There is talk of peace.
  11. (used to indicate qualities or attributes): an ambassador of remarkable tact.
  12. (used to indicate a specified time): They arrived of an evening.
  13. [Chiefly Northern U.S.]before the hour of;
    until: twenty minutes of five.
  14. on the part of: It was very mean of you to laugh at me.
  15. in respect to: fleet of foot.
  16. set aside for or devoted to: a minute of prayer.
  17. [Archaic.]by: consumed of worms.

The

the1  (stressed ᵺē; unstressed before a consonant ᵺə;
unstressed before a vowel ᵺē),USA pronunciation
 definite article. 
  1. (used, esp. before a noun, with a specifying or particularizing effect, as opposed to the indefinite or generalizing force of the indefinite article a or an): the book you gave me; Come into the house.
  2. (used to mark a proper noun, natural phenomenon, ship, building, time, point of the compass, branch of endeavor, or field of study as something well-known or unique):the sun;
    the Alps;
    theQueen Elizabeth;
    the past; the West.
  3. (used with or as part of a title): the Duke of Wellington; the Reverend John Smith.
  4. (used to mark a noun as indicating the best-known, most approved, most important, most satisfying, etc.): the skiing center of the U.S.; If you're going to work hard, now is the time.
  5. (used to mark a noun as being used generically): The dog is a quadruped.
  6. (used in place of a possessive pronoun, to note a part of the body or a personal belonging): He won't be able to play football until the leg mends.
  7. (used before adjectives that are used substantively, to note an individual, a class or number of individuals, or an abstract idea): to visit the sick; from the sublime to the ridiculous.
  8. (used before a modifying adjective to specify or limit its modifying effect): He took the wrong road and drove miles out of his way.
  9. (used to indicate one particular decade of a lifetime or of a century): the sixties; the gay nineties.
  10. (one of many of a class or type, as of a manufactured item, as opposed to an individual one): Did you listen to the radio last night?
  11. enough: He saved until he had the money for a new car. She didn't have the courage to leave.
  12. (used distributively, to note any one separately) for, to, or in each;
    a or an: at one dollar the pound.

Income

in•come (inkum),USA pronunciation n. 
  1. the monetary payment received for goods or services, or from other sources, as rents or investments.
  2. something that comes in as an addition or increase, esp. by chance.
  3. [Archaic.]a coming in.
income•less, adj. 

Tax

tax (taks),USA pronunciation n. 
  1. a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc.
  2. a burdensome charge, obligation, duty, or demand.

v.t. 
  1. (of a government)
    • to demand a tax from (a person, business, etc.).
    • to demand a tax in consideration of the possession or occurrence of (income, goods, sales, etc.), usually in proportion to the value of money involved.
  2. to lay a burden on;
    make serious demands on: to tax one's resources.
  3. to take to task;
    censure;
    reprove;
    accuse: to tax one with laziness.
  4. to charge: What did he tax you for that?
  5. [Archaic.]to estimate or determine the amount or value of.

v.i. 
  1. to levy taxes.
taxer, n. 
taxing•ly, adv. 
taxless, adj. 
taxless•ly, adv. 
taxless•ness, n. 

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