Minimum alternative tax

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ARITRA CHAKRABORTY

ARITRA CHAKRABORTY (Querist)
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23 February 2018 How to calculate book profit under MAT?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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23 February 2018 Please see the writing in https://cleartax.in/s/tax-planning-under-mat

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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23 February 2018 Minimum Alternate Tax -, those companies which show zero or negligible income to avoid tax. Under MAT, such companies are made liable to pay to the government, by deeming a certain percentage of their book profit as taxable income,MAT is applied when the taxable income calculated as per the normal provisions in the IT Act is found to be less than 18.5% of the book profits.

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