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Categories  >>  Accounting  >>  Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Taxation interview questions  Taxation Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
WHAT IS MAT
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: WHAT IS MAT
Answer
# 1
MAT is minimum alternative tax section 115JA was replaced by
section 115JB for assessment years 2001-02 onwards. As per
this section, your normal tax payable is to be compared with
7.5% of your book profits and you are required to pay the
higher of the two. From assessment year 2007-2008 onwards
your normal tax payable will be compared with 10% of book
profits are your required to pay the higher of the two.
Credit for MAT paid can be carried forward under section
115JAA for 5 years.
 
Is This Answer Correct ?    56 Yes 14 No
Mubin Saiyed
 
  Re: WHAT IS MAT
Answer
# 2
Now mat credit is avilable for 7 years .
MAT is minimum alternative tax incase compnay have no tax
liability as per incometax act ,so compnay pay mat @10%.
some of items addedback & deducted for calculating mat .
 
Is This Answer Correct ?    36 Yes 8 No
Ca.manish Gupta
 
 
 
  Re: WHAT IS MAT
Answer
# 3
MANAGEMENT APTITUDE TEST 
Is This Answer Correct ?    31 Yes 34 No
Rahul
 
  Re: WHAT IS MAT
Answer
# 4
MAT IS MINIMUM ALTERNATIVE TAX 
Is This Answer Correct ?    44 Yes 14 No
Sreenivas
 
  Re: WHAT IS MAT
Answer
# 5
mat is generic term of a piece of fabric flat surface
generally place in flat surface or other flat area and serving
range of porposes
 
Is This Answer Correct ?    7 Yes 24 No
Kinth
 
  Re: WHAT IS MAT
Answer
# 6
from tax point of view mat is stand for minimum
alternative tax
 
Is This Answer Correct ?    23 Yes 2 No
Ravi Kant
 
  Re: WHAT IS MAT
Answer
# 7
Mat- Minimum Alternative Tax 
Is This Answer Correct ?    19 Yes 2 No
Rajni