Tax palnning under MAT

By:

SINGH, BALJIT

Material type:

Mixed materialsPublication details: 2012Description: 78-80Subject(s):

TAXATION

NLM classification:

336.2

In: CHARTERED ACCOUNTANTMSummary: 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.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		61/4	Available		P14569

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.

There are no comments on this title.

to post a comment.