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WHAT IS MAT |
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Question Submitted By :: Guest |
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I also faced this Question!! |
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Answer Posted By |
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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.
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| Mubin Saiyed
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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 .
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| Ca.manish Gupta
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Re: WHAT IS MAT |
Answer
# 3 |
MANAGEMENT APTITUDE TEST
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| Rahul
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Re: WHAT IS MAT |
Answer
# 4 |
MAT IS MINIMUM ALTERNATIVE TAX
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| Sreenivas
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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
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| Kinth
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Re: WHAT IS MAT |
Answer
# 6 |
from tax point of view mat is stand for minimum
alternative tax
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| Ravi Kant
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Re: WHAT IS MAT |
Answer
# 7 |
Mat- Minimum Alternative Tax
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| Rajni
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