Concept of MAT

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

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..... MAT" 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 prov .....

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..... isions 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. .....

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..... These 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. Re .....

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

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