Mat

This query is : Resolved

Share Report Follow Query Ask a Query

krishna thakkar

krishna thakkar (Querist)
Follow

09 March 2012 what is the fullform of MAT ? and wt is its importance?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

10 March 2012 Minimum Alternate Tax.

It applies to all companies.

A company is required to calculate tax as per the normal provisions & tax as per MAT.

The higher of the two is the final tax liability of the company and has to be paid by the company.

Message likes : 1 times

krishna thakkar

krishna thakkar (Querist)
Follow

13 March 2012 in which circumstances MAT will be followed by any company?? every year is it necessary to calculate i. tax as per normal provisions of i.tax act 1961 and MAT? and higher of the two will be paid??

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

13 March 2012 Yes, the procedure is to be followed each and every year. It is mandatory to follow the same. Every year higher of the two shall be deposited as tax.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Ashwini Thorat

ashok jain

madhuseshu yathirajam

Ramesh J

Yandamuri yesu raju

Subscribe Now

Mat

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA