Concept of MAT

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....oncept of MAT<br> Query (Issue) Started By: - Rahul Bagaria Dated:- 1-6-2009 Last Reply Date:- 4-6-2009 Income Tax<br>Got 2 Replies<br>Income Tax<br>Can someone please beirf me about the concept of "M....

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....AT" Reply By Rajan R.Dhawade-C.A.: The Reply: There were large no.of companies who had book profits as per their Profit & loss a/c but were not paying any tax because income computed as per the provi....

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....sions of the income tax act was either nil or negative . in such case although the companies were showing book profits and declaring dividends to the sharholders they were not paying any income tax. T....

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....hese companies are popularly known as Zero tax companies. In order to bring such companies under the income tax net, section 115JA Was introduced w.e.f.1997-98. It is called minimum alternate tax. Rep....

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....ly By Mukesh Kumar: The Reply: Thanks CA (Mr.) Rajan R Dhawade<br> Discussion Forum - Knowledge Sharing ....