Interested to Buy Any Domain ? << Click Here >> for more details...
What is meaning of MAT? please explain in detail with an
example?
- 10 Answers
- 59544 Views
- I also Faced
- E-Mail Answers
Answer Posted / shibi
The concept of Minimum Alternate Tax (MAT) was introduced in the direct tax system to make sure that companies having large profits and declaring substantial dividends to shareholders but who were not contributing to the Govt by way of corporate tax, by taking advantage of the various incentives and exemptions provided in the Income-tax Act, pay a fixed percentage of book profit as minimum alternate tax.
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
What is the commitment to the bankers against L/C ? They need any colletral Security or any deposit ? What is terms & conditions of L/c?
I raised a service tax invoice against a client on which i charged service tax and without receiving any sum from client a deposited service tax on good faith but now client refuses to pay sum . so please, tell me what should i do.
What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.
If we got a printing jon we are adverstising firm for that we purchase paper from local dealer which contain vat 4% now when i bill to the person from whom i got a priniting job what should i consider this as service or sale and what tax i charge, i don't have vat no. but i have service tax no.?
i want to know about Form c,D,E, E-1,E-2,F,G,H,I.WHEN IS LIABILITIES OF ISSUE OF ALL RELATED FORM ON SELLER AND BUYER.PLZ SEND THE ANSWER OF THIS QUESTION ON MY E-MAIL
Basing on what we can made TDS payment
I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka
Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?
what is excise duty and how can we mantain its account in outgoing and incoming of bill status.
In one year how many times tds, service tax, and Mvat is paid?
Can I use a single way bill for 1 vehicle dispatching material from multiple consigners to a single consignee???
what is the prime cost? and factory cost how to calculate it?
is there any specific percentage related to lower tax deduction under tds
What are allowable and dis-allowable expenditure?
Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?
