Mat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 August 2014 Is MAT is applicable for company which is suffered loss?

Nikhil Kaushik (Expert)
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12 August 2014 depends on the causes of loss. MAT was originally brought in to cover cases where loss is declared in the books of accounts.

Querist : Anonymous

Querist : Anonymous (Querist)

12 August 2014 Sir can u clarify me,if there is a negative book profit after all adjustments?If so,MAT is caluculated on that one?

Nikhil Kaushik (Expert)
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12 August 2014 where after all the adjustments, there is no profit, no tax is payable

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