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AMT or MAT

Subramanya Kamath (32 Points)

02 October 2018

What is alternate minimum tax or minimum alternate tax

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prateek jain (article) (58 Points)
Replied 02 October 2018

MAT IS applicable for Companies and AMT is for other Entities,in this GOvt has decided a certain percent of income on which entity has to pay Tax... Despite of its income is lower than that percentage...

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Subramanya Kamath (32 Points)
Replied 02 October 2018

Why that MAT is applicable nd What MAT is all about

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