Hi Experts,
If a company has previous year loss of Rs.320000 & this year books profit is Rs.294000, then MAT is applicable to it or not?
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 25 January 2021
Yes MAT is applicable @ 15%
Leena Raghuvanshi
(106 Points)
Replied 25 January 2021
Hello Shubham Mourya,
Yes. Minimum alternative Tax will be applicable @ 15%
Yes. Minimum alternative Tax will be applicable @ 15%
Divyam Agarwal
(Practicing Chartered Accountant)
(959 Points)
Replied 25 January 2021
Yes, MAT is applicable.
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