Interested to Buy Any Domain ? << Click Here >> for more details...
What is MAT? and whom its applicable and what its rate?
- 7 Answers
- 20643 Views
- Bank Of America, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
Answer / sirikonda satish
Minimum Alternate Tax. It is applicable for only companyies
| Is This Answer Correct ? | 20 Yes | 2 No |
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 |
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 |
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 vat ? due date for pymt ? return forms ? how input credit taken ?
cgl2012 tier1 mein 62.50 marks they or mera naam TA wali list mein tha but mainey Auditor ko 1st prefernce choose kia tha tier2 mein maths mein 142 or english mein 104.50 marks aaye but fir bhi mera naam only list4 TA main tha or mujhey DEST typing test dena parha i want to know that agar main TA k liye typing test pass ahi kar pata to kya mujhey koi bhi post milegi. pls anybody knows tell me.
We paid advance rent of office for next 6 months, when should we pay the TDS into bank, is it will monthly or it will be in advance?
what is luxury tax?
How to entry pass tds of sundary debotors
what is the incometax
What is MAT?
I want to now that if we have excises of input of Excise duty but not cess due the add duty on capital good can be adjusted agst 10 % excises so can we pay only cess amount.
If service tax paid on freight outward for final output, whether it can be set off against excise duty payable on subsequent final product
2 Answers Simran International,
Q1. What is the TDS rates for the current year 2009-10. for commission, Rent , contract and sub-contract Advertising. Q 2. What is the current year professional tax slab.
4 Answers Infosys, T R Fastenings,
Why TDS is not deducted on JSTF Contribution of Hinjewadi Industries Association?
Can a Company can issue C Forms in Advance to the seller (Other than govt.dept.)
Audit 
