Hi Experts,
If a company has previous year loss of Rs.320000 & this year books profit is Rs.294000, then MAT is applicable to it or not?
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Minimum Alternative Tax Case
Replies (3)
Quick Summary
Yes MAT is applicable @ 15%
Hello Shubham Mourya,
Yes. Minimum alternative Tax will be applicable @ 15%
Yes. Minimum alternative Tax will be applicable @ 15%
Yes, MAT is applicable.
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