InvestorQ : When is minimum alternate tax (MAT) levied?
shivani Walawalkar made post

When is minimum alternate tax (MAT) levied?

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Ayushi Kampani answered.
2 years ago
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Minimum alternate tax (MAT) is levied when a company’s taxable income, calculated in accordance with the Income Tax Act, 1961, is found to be less than 18.5% of the book profits.

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