When does MAT actually apply to a company?
Menu
MAT
Replies (2)
when the profit as per income tax is less than book profit, MAT applies.
In simple words every company should pay atleast 15% as income tax on their book profits.
Even if it is the 1st year of operation?
Recent Threads
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
- TCS under 206C(1F)
- Effect on Cost of Control when Bonus Issue is from
Related Threads
CAclubindia
