TY  - GEN
AU  - SINGH, BALJIT
TI  - Tax palnning under MAT
PY  - 2012///
KW  - TAXATION
N2  - MAT (minimum alternate tax) was introduced to ensure that comapnies that did not contribute to the government by way of corporate tax by taking advantage of various incentives and exemptions provided in the income tac act, pay fixed percentage oftheir book profits as MAT. Provisions of the MAT were introduced for such cmapnies, pouplarly known as Zero Tax Companies, since they did not pay any tax because income computed as per provisions of the act was either insignificant, nil or negaitive, despite showing book profits and declaring substantial dividents to their shareholders
ER  -