TaxTMI 
TaxTMI 
Can someone please beirf me about the concept of "MAT"
Concept of MAT
01 Jun 2009 
2 Replies 
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Minimum Alternate Tax requires companies reporting book profits to pay tax despite having nil taxable income under ordinary rules.
Minimum Alternate Tax imposes a statutory tax on companies that report book profits but compute nil or negative taxable income, ensuring entities that show accounting profits yet escape tax liability are brought within the income tax net by applying an alternate minimum tax base introduced w.e.f. 1997 98. (AI Summary)
Minimum Alternate Tax imposes a statutory tax on companies that report book profits but compute nil or negative taxable income, ensuring entities that show accounting profits yet escape tax liability are brought within the income tax net by applying an alternate minimum tax base introduced w.e.f. 1997 98. (AI Summary)