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Mat & amt

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(Querist)
08 June 2012 M A T = Min Altrv Tax
A M T = Altrv Min Tax,
please explain scope & meaning...thanks in advance...
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Ki$hor B

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Ki$hor B (Expert)
09 June 2012 MAT is applicable to companies.

AMT applies to LLP.

Both are minimum taxes a entity is liable to pay in a year when FS show loss.

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