Minimum Alternative Tax Case

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28 Points Posted on 25 January 2021
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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On 25 January 2021 at 16:47 Report
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Quick Summary
This discussion addresses whether Minimum Alternative Tax (MAT) is applicable to a company with a previous year's loss of Rs. 320,000 and a current year's book profit of Rs. 294,000. The consensus is that MAT is indeed applicable in this scenario at a rate of 15%.

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Chartered Accountant
24588 Points Posted on 25 January 2021
Yes MAT is applicable @ 15%
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On 25 January 2021 at 16:56
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106 Points Posted on 25 January 2021
Hello Shubham Mourya,
Yes. Minimum alternative Tax will be applicable @ 15%
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On 25 January 2021 at 21:19
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Practicing Chartered Accountant
959 Points Posted on 25 January 2021
Yes, MAT is applicable.
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On 25 January 2021 at 23:53

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