SEO Sai Gr. Hosp.
196586 Points
Joined July 2016
MAT is applicable to all companies, including foreign companies. MAT is calculated under Section 115JB of the Income-tax Act. MAT is not applicable to individuals.
Rather AMT allies to individuals,,, the provisions of AMT shall apply to an individual or a Hindu undivided family or an association of persons or a body of individuals (whether incorporated or not) or an artificial juridical person only if the adjusted total income of such person exceeds Rs. 20,00,000.