Concept of MAT

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..... Can someone please beirf me about the concept of "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 .....

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..... paying any tax because income computed as per the provisions of the income tax act was either nil or negative . in such case although the companies were showing book profits and declaring dividends to .....

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..... the sharholders they were not paying any income tax. These companies are popularly known as Zero tax companies. In order to bring such companies under the income tax net, section 115JA Was introduced .....

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..... w.e.f.1997-98. It is called minimum alternate tax. - Reply By Mukesh Kumar - The Reply = Thanks CA (Mr.) Rajan R Dhawade - Concept of MAT - Query Started By: - Rahul Bagaria Dated:- 1-6-2009 Income .....

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..... Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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..... - TMI - TaxTMI - TMITax .....

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