Minimum Alternative Tax Case

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28 Points Joined July 2018
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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Chartered Accountant
24588 Points Joined November 2019
Yes MAT is applicable @ 15%
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On 25 January 2021 at 16:56
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106 Points Joined 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 Joined May 2016
Yes, MAT is applicable.
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On 25 January 2021 at 23:53


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