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WHAT IS MAT
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Answer / mubin saiyed
MAT is minimum alternative tax section 115JA was replaced by
section 115JB for assessment years 2001-02 onwards. As per
this section, your normal tax payable is to be compared with
7.5% of your book profits and you are required to pay the
higher of the two. From assessment year 2007-2008 onwards
your normal tax payable will be compared with 10% of book
profits are your required to pay the higher of the two.
Credit for MAT paid can be carried forward under section
115JAA for 5 years.
| Is This Answer Correct ? | 56 Yes | 14 No |
Answer / ca.manish gupta
Now mat credit is avilable for 7 years .
MAT is minimum alternative tax incase compnay have no tax
liability as per incometax act ,so compnay pay mat @10%.
some of items addedback & deducted for calculating mat .
| Is This Answer Correct ? | 36 Yes | 8 No |
Answer / ravi kant
from tax point of view mat is stand for minimum
alternative tax
| Is This Answer Correct ? | 23 Yes | 2 No |
Answer / rajinder kumar
MAT = MINIMUM ALTERNATE TAX WHICH WILL BE COMPARED WITH
NORMAL BOOK PROFIT OF 10% & REQUIRED TO PAY THE HIGHER OF
TWO.
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / anusha
MAT.....according to taxation point of view,,,its a minimum
alternate tax which has been increased frm 15percent to
18percent frm feb,2010 onwards....as the new budget of 2010
has declared....!!!
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / smriti pattnaik
minimum alternative tax
18% for 2010-11
| Is This Answer Correct ? | 3 Yes | 1 No |
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