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What is MAT ?
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Answer / saifuddin lokhandwala
MAT means Minimum Alternative Tax charged u/s 115JB to the
companies. It was first intoduced by V.P. Singh when he was
the FM of our country. He realised that companies declaring
huge dividend and paying lessor tax. To avoid such things
he intoduced MAT which is charged @ 10% on the book profit
declared by the company.
| Is This Answer Correct ? | 20 Yes | 4 No |
Answer / santhosh kumar
Minium Alternate Tax is a brief of MAT.The company have
only a book profit they should pay MAT.
| Is This Answer Correct ? | 13 Yes | 7 No |
Answer / satya
MINIMUM ALTERNATE TAX.
some companies not finalise their accounts particular
financial year but they will be submit thier returns that
financial year with in the period. thats why first they
paid some expectation amount every year after finalisation
they submit the returns and paid the remaining amount
| Is This Answer Correct ? | 18 Yes | 16 No |
Answer / vishal
MAT is the tax payable by company on their book
profit.Which is total exp. minus total income.9
specifications are allowed as deduction from the income.at
present MAT is payable at 18%.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / tushar
MAT stands for Minimum Alternative Tax charged u/s 115JB to
the companies under Income Tax Act. The rate for MAT is 18%.
MAT is calculated on book profit of company (Not on taxable
business Income)with certain change as given in aforesaid
section itself.
MAT can be payable in the case where there is no taxable
business income.
The company can also avail mat credit for next seven year
in the same case.
| Is This Answer Correct ? | 2 Yes | 3 No |
MAT Mean Management aptitude test,
Which test is for admission for management program
| Is This Answer Correct ? | 5 Yes | 17 No |
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