Monday, September 22, 2014

What is minimum alternate tax (MAT) india 115JB fy 2014-15 ay 2015-16

What is minimum alternate tax (MAT) india 115JB fy 2014-15 ay 2015-16

Common Questions on MAT
What is the meaning of minimum alternate tax in Indian | Format 
MAT on Company ( Domestic & Foreing) under section 115JB ?
minimum alternative tax calculation procedure fy 2014-15 ay 2015-16?
Provisions of Minimum Alternate Tax (MAT) Credit rate
Definition of MAT
How to Understanding intricacies of Minimum Alternate Tax?
MINIMUM ALTERNATIVE TAX CALCULATION PROCEDURE?

What is the meaning of minimum alternate tax in Indian u/s section 115JB

The Mininum Alternative  tax (MAT) under section 115JB income tax act,  is  to make sure that companies or organizations which benefits from certain exclusions, deductions, or credits pays at least a minimum amount of tax( MAT) under various schemes.This particular least amount or TAX paid companies is called MAT. Companies or traders or individuals can make a self assessment and decide whether they are liable to pay tax or just pay some fixed amount of tax. 

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