Mat

This query is : Resolved 

27 December 2011 When is MAT payable by companies ?

27 December 2011 http://catuts.com/minimum-alternate-tax-mat/

Check out above link for details.

29 December 2011 MAT( alongwith surcharge and education cess)for Assessment Year 2012-13

Where book profit exceeds 1 crore
MAT –Domestic Companies – 20.00775%
MAT- Foreign Companies – 19.4361%

Where book profit does not exceed 1 crore
MAT –Domestic and Foreign Companies – 19.055%

29 December 2011 is mat applicable to every company ?


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