About minimum alternative tax (mat)
Suren Pareek (director) (77 Points)
19 February 2014
plz tell me about minimum alternative tax... that where it is applied..
1 Replies
SAURABH NENE
(Chartered Accountant)
(226 Points)
Replied 19 February 2014
MAT is applicable in case of a company, where the net tax payable as per the normal provisions of icnome tax act, is below 18.5% of the 'Book Profits' as calculated in accordance with sec. 1115JB.
For details plases refer the section...
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