banner_ad

MAT

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 July 2009 What does mean by MAT under IT rules ?
Profile Image

CA ABHISEK KUMAR SINGHANIA

Profile Image

CA ABHISEK KUMAR SINGHANIA (Expert)
15 July 2009 MAT is minimun alternate tax.This is applicable only for companies.This is an option to the corporates to pay either MAT or tax as per their prescribed rates whichever is higher.If the MAT is higher then the corporate had to pay MAT for which they can credit for 10 years which was earlier 7 years.
MAT rate has also been amended from 10% to 15%
Profile Image

Ankur Garg

Profile Image

Ankur Garg (Expert)
16 July 2009 Agree.

MAT has been increased from 10% to 15% by recent budget 2009.
Profile Image

Mayur Joshi

Profile Image

Mayur Joshi (Querist)
16 July 2009 Thanks for your kind support
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details