Post by: Bennisha in Government Initiatives Income Tax
MAT vs AMT Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT) are provisions introduced in the Income Tax legislation to ensure that taxpayers who avail of various deductions and exemptions do not escape the liability to pay at least…
Post by: IndiaFilings in Government Initiatives Income Tax
Minimum Alternate Tax (MAT) for Companies & LLPs Minimum Alternate Tax refers to the least amount of income tax which a company which is earning profits should pay. The Government of India (GoI) introduced the concept of Minimum Alternate Tax…
Post by: IndiaFilings in Business Startup MCA
What is Minimum Alternate Tax (MAT)? Minimum alternate tax or MAT is applicable for Companies and Limited Liability Partnerships (LLPs) wherein the company or LLP is required to pay a minimum tax based on the book profit of the company.…
