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Mat

T T Parwani (Others) (86 Points)

03 March 2016

Is mat applicable to individuals?

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2 Replies

Kuldipsinh Jadeja (Job) (357 Points)
Replied 07 March 2016

No MAT is not applicable to individuals. It is applicable to Companies.

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Vishal Goel (Chartered Accountant) (1688 Points)
Replied 07 March 2016

Yes MAT is not applicable but AMT is applicable if adjusted Total Income (‘ATI’) of individual, HUF, AOP and BOI exceed Rs. 20 lakh.

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