What is MAT?
if u know then explain it with example its urgent
2 Replies
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 12 June 2010
SIVASIVA
(FCA, Future CA)
(4935 Points)
Replied 12 June 2010
it is Minimum Alternate Tax. It will ensure that no company goes paying no tax even if their profits are well covered by Deductions and exemptions.
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