WHAT IS MAT

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com

1561


IF I HAVE PAY COMMISSION TO LOCAL AGENT RS-5000 THEN HOW MUCH I WILL DEDUCT TDS & IS PAN CARD REQUIRE

6140


Define Amortization & Impairment?

1740


What is permanent account number (pan)?

820


what about WCT (Work Contract Tax)

1698






how to calculate tax for the income earners

1711


how & on which amt tax should be calculate on pvt ltd company or ltd company

1988


In an E1 trasaction, if the dealer fails to get the E1form from his supplier& submit it to the Sales Tax Authority, then how much will be the expected penalty from Sales Tax department, if the local tax of those item is 14.5%? Please Note: Dealer has submitted all other documents to sales tax including customer Cform expect E1 form. Kindly give us the valuable answer with the supporting CST circular number.

1272


Deferred taxation is a part of which equity?

798


OUR CO. ACCEPT SODEXO COUPONS FORM CUSTOMERS; WHEN WE SUBMIT COUPONS FOR REIMBURSEMENT TO SODEXO THEY DEDUCT SERVICE CHGS AND S. TAX AND PAY BALANCE AMOUNT, DOSE IT ATTRACT TDS?

2521


is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax

1851


I am an employee in a IT Company. While filling out the form it prompts to fill - Details of Tax deducted at source from Salary (as per form16) and then it again prompts to fill - Details of Advance tax and Self Assessment Tax. if i fill both the columns, i get end result as 2 times of Tax i paid and a refund.

2237


What's format of CMO & CMA Data?

2322


Who is an assessee?

829


Can we use ST-38 outward form for a sale of Rs-100000/- with in the state i.e haryana

2713