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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1906)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
Question
WHAT IS MAT
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
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
 
Answer
# 2
MAT IS MINIMUM ALTERNATIVE TAX 
Is This Answer Correct ?    44 Yes 14 No
Sreenivas
 
 
 
Answer
# 3
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
 
Answer
# 4
from tax point of view mat is stand for minimum
alternative tax
 
Is This Answer Correct ?    23 Yes 2 No
Ravi Kant
 
Answer
# 5
Mat- Minimum Alternative Tax 
Is This Answer Correct ?    19 Yes 2 No
Rajni
 
Answer
# 6
MINIMUM ALTERNATIVE TAX U/S 115JA 
Is This Answer Correct ?    16 Yes 4 No
Trupti
 
Answer
# 7
MAT = MINIMUM ALTERNATE TAX WHICH WILL BE COMPARED WITH
NORMAL BOOK PROFIT OF 10% & REQUIRED TO PAY THE HIGHER OF
TWO.
 
Is This Answer Correct ?    11 Yes 2 No
Rajinder Kumar
 
Answer
# 8
MAT.....according to taxation point of view,,,its a minimum
alternate tax which has been increased frm 15percent to
18percent frm feb,2010 onwards....as the new budget of 2010
has declared....!!!
 
Is This Answer Correct ?    6 Yes 2 No
Anusha
 
Answer
# 9
minimum alternative tax
18% for 2010-11
 
Is This Answer Correct ?    3 Yes 1 No
Smriti Pattnaik
 
Answer
# 10
minium alternate tax 
Is This Answer Correct ?    3 Yes 2 No
Ratiranjan Barad
 

 
 
 
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For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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