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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
 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 (4360)
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
 
Dear Sir , Please DETAIL ME ,BRANCH CONVERVISON MATERIAL SEND TO FACTORY (OTHER SATE) , . wE ARE ELIGLIAL fORM 'F'   1
what is the interest of late deposit(one day) of service tax for Rs 1000/-(including cess+e.cess).please let me clear also the how much days of interest will be be calculated for one day late deposit.   7
When calculating tds on bill ,TDS need to be calclated on "Base Amount" or "Base Amount"+ "Vat Amount" ? please answer with relevant provision   4
What is Service Tax, what percentage it was deducted in shipping company.   1
what is E.S.I, P.F rates and working notes   7
What happens if I return material purchased in March to the buyer in August next year? Do I get full refund of the value including tax?   1
life memebership fees receved by an non profit organisation is treated as: 1)Revenue Receipt 2)capital receipt 3)deferred revenue receipt 4)both revenue and capital receipt   1
IF I DIDNT FILL TDS RETURN I PAYING ALL TAX WHAT IS THE PROCEDURE   2
What is Profession Tax?   11
Timings / Months when the advance tax shud be paid For Individual?   2
what is the income tax-meaning,rates for 2008-09,procedure,when income tax is filling,form of all income tax heads,complete information about income tax?   1
DEAR SIR,PLEASE INFORM US THAT BETWEEN BILL DATE & INWARD DATE WHAT DATE WE HAVE TO WRITE IN "C" FORM.AS WHEN WE RECD.BILL IN DATED OF 30TH JUNE, & WE ARE TAKING THE SAME IN JULY AS OUR INWARD DATE, IN THIS CASE QUARTER HAS BEEN CHANGED & PARY IS ASKING FOR BILL DATE IN "C" FORM INSTEAD OF INWARD DATE.KINDLY HELP US IN THIS REGARD-RAJESH PATEL.PH.079-25624003   1
 
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