MAT

its applicable boss, refer 115J , it is quite clear there

Yes it is applicable to all companies

Yupp!! i go with them!!

YES APPLICABLE

Reffer sec 115J bt also consider sec 10AA.

mat is applicable in all company

sec.115jb decided the calculation of mat in book profit

and income tax calculated in income tax act

is higher so company has paid tax

u/s 115J, mat will be applicable. it doesnot matter, whether the company is submitting its first year return...