Mat & amt
This query is : Resolved
08 June 2012
M A T = Min Altrv Tax
A M T = Altrv Min Tax,
please explain scope & meaning...thanks in advance...
A M T = Altrv Min Tax,
please explain scope & meaning...thanks in advance...
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.
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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