What is Minimum alternate tax (MAT)

Member (Account Deleted) Guest , Last updated: 21 May 2013  
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The concept of MAT was introduced under ITA to tax companies making high profits and declare dividends to their shareholders but have no significant taxable income because of exemptions, deductions and incentives. The primary cause is not tax evasion or a lack of adequate government policie

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Category Income Tax   Report

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