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mat

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 October 2010 can any one tell me what is mat

which company liable to pay mat
please any body explain to me
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
16 October 2010 MAT is Minimum altenate tax

A corporate assess need to calculate the tax liability in 2 ways which is

1. In normal Income tax calculation as per the Book profit computation

2. secondly, Income tax need to calculate on the provision as per sec.115JB book profit this is called MAT


which ever is higher need to pay by corporate assessee
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taxindiaconnect

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taxindiaconnect (Expert)
19 October 2010 Agree, but this apply to a an Indian company only.
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