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what is the treatment of minimum alternate tax, and it's
calculation procedure
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Answer Posted / rahul jain
in above example after all deduction the net taxable income
is supose 425000/-(out of total income 7 lakh)than tax on
the amount is 127500/- (@30%)and if we note mat on 7 lakh
is 129500/-(@ 18.5%) so the compay has to pay mat 129500
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