https://www.taxtmi.com/manuals?id=1198 Minimum Alternate Tax (MAT) obliges corporate taxpayers who report substantial book profits yet claim negligible taxable income to pay a statutory minimum tax, addressing variances arising from differing allowances and depreciation methods between company law and income-tax computation; it functions as a floor on tax liability to bring zero-tax companies into the tax net and strengthen corporate tax compliance. en-us Wed, 23 Sep 2015 15:50:00 +0530 Wed, 08 May 2024 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1198 Minimum Alternate Tax (MAT) obliges corporate taxpayers who report substantial book profits yet claim negligible taxable income to pay a statutory minimum tax, addressing variances arising from differing allowances and depreciation methods between company law and income-tax computation; it functions as a floor on tax liability to bring zero-tax companies into the tax net and strengthen corporate tax compliance. Manuals Income Tax Wed, 23 Sep 2015 15:50:00 +0530 https://www.taxtmi.com/manuals?id=1198