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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 (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4362)
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
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
what is the property tax? plz tell me the information with full details   2
Contractor Limit of TDS Deduction is Rs. 30,000/-, After limit if I receive another 10,000 amount bill then I have to deduct TDS on total 40,000 or only on 10000/-. Pls advise   2
THE CUSTOMER IS FROM GOA STATE AND THEY PURCHASE GOODS FROM MAHARASHTRA UNDER C FORM THAT TIME THE CUSTOMER ISSUED C FORM ON WHICH AMOUNT TAXABLE OR INVOICE AMT(TAXABLE + 2%)?   4
what is security transaction tax Wipro 2
Write entry for interest receivable from bank Rs. 15000 TDS 2250. Datamatics 25
vat amount payable in financial year 2010-2011 Rs. 25000.00 but we paid Rs. 35000.00. This exces payment will be carried in next financial year? MSEB 3
How anyone calculate HRA exemption from taxable salary for Exam. HRA is 12000 and rent paid is 11500 and total salary is 50000 thousand???????? plz. clear with example!! TCS 3
What is purchase tax. ? Define . Jaguar 1
WHAT IS CST & WHAT IT'S RATE ?   7
can a company deduct tax at source on thier telephone and broadband billing? if yes then what will be rate of TDS? KIP-Financial 5
how to make the entry....??? sumit got salary 20000 & charge 10% tds on his salary..   4
what are organisations pay tds? when?   1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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