What is meaning of MAT? please explain in detail with an
example?
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Answer Posted / pooja jain
MAT - MINIMUM ALTERNATE TAX IT WILL BE APPLICABLE ON ALL
TYPES OF COMPANIES. IT CAN BE SET OFF NEXT SUBSEQUENT YEAR
IF WE ARE PAYING THE NORMAL TAX I.E.(FLAT RATE 30%) IF WE
ARE PAYING AGAIN MAT THEN ITS CREDIT CANNOT BE TAKEN AND
WILL BE FORWARD FOR NEXT F.Y.IT CAN BE FORWARD FOR CREDIT
UPTO 4 YEARS (I THINK SO)
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