MAT
| Definition | : | Minimum Alternate Tax |
| Category | : | Governmental » Rules & Regulations |
| Country/Region | : | India  |
| Popularity | : |
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What does MAT mean?
Minimum Alternate Tax (MAT) was introduced in the direct tax system to make sure that companies having large profits and declaring substantial dividends to shareholders but who were not contributing to the Govt by way of corporate tax, by taking advantage of the various incentives and exemptions provided in the Income-tax Act, pay a fixed percentage of book profit as minimum alternate tax.
2 more results for MAT
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MAT | Master of Arts in Teaching | |
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MAT | Management Aptitude Test |
Frequently Asked Questions
What is the full form of MAT in Income Tax (India)?
The full form of MAT is Minimum Alternate Tax
What is the full form of MAT in Governmental?
What are the full forms of MAT in India?
Translation
Translate Minimum Alternate Tax into other languages