mat
This query is : Resolved
Querist : Anonymous
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
which company liable to pay mat
please any body explain to me
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
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
taxindiaconnect
(Expert)
19 October 2010
Agree, but this apply to a an Indian company only.
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