Mat
This query is : Resolved
09 March 2012
what is the fullform of MAT ? and wt is its importance?
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.
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
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??
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- NRI starting business in India
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- DIN reactivation
- GST rate and HSN code for sale of racing horses
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
