What is MAT? and whom its applicable and what its rate?

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What is MAT? and whom its applicable and what its rate? ..

Answer / sri

MAT means Minimum alternative tax.The rate is now changed to
7.5% to 10% as on this budget.

Is This Answer Correct ?    60 Yes 21 No

What is MAT? and whom its applicable and what its rate? ..

Answer / sirikonda satish

Minimum Alternate Tax. It is applicable for only companyies

Is This Answer Correct ?    20 Yes 2 No

What is MAT? and whom its applicable and what its rate? ..

Answer / karthik

18%.applicable to companies

Is This Answer Correct ?    21 Yes 6 No

What is MAT? and whom its applicable and what its rate? ..

Answer / sonal chhabra

MAT:Minimum Alternate Tax. it's imposed only on the companies, and it's rate has been increased from 15% to 18%

Is This Answer Correct ?    11 Yes 2 No

What is MAT? and whom its applicable and what its rate? ..

Answer / goutam rath

MAT- Minimum Alternative Tax
Applicability- Registered Companies #
Rate for F.Y- 2012-13- 18.5%

Is This Answer Correct ?    7 Yes 2 No

What is MAT? and whom its applicable and what its rate? ..

Answer / devbrat sharma

MAT is applicable to Companies eg
Companies who were incurring good amount of profit (as per profit & loss account) and declaring dividends to their shareholders were not liable to pay any income tax as their tax payable as per income tax act was either zero or very less.
To make such companies pay tax on their income who enjoy tax exemptions and incentives under various sections of the income tax act, government imposed Minimum Alternate Tax. As per the MAT provision,companies are required to pay a fixed percentage of book profit (Profit as per profit & Loss account) i.e 18.5% +surcharge(if applicable)+cess as Minimum Alternate Tax.

Is This Answer Correct ?    0 Yes 0 No

What is MAT? and whom its applicable and what its rate? ..

Answer / kesav

Management apptitude test

Is This Answer Correct ?    14 Yes 55 No

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