4 Questions
What is the purpose of the Minimum Alternate Tax (MAT) provision in the Indian tax law?
To ensure that companies pay a minimum amount of tax
Under what circumstances is the Minimum Alternate Tax (MAT) applicable to companies?
When companies are not claiming deductions under specific sections of the Income Tax Act
What type of companies does the Minimum Alternate Tax (MAT) provision target?
Companies not claiming deductions under specific sections of the Income Tax Act
Which of the following statements is true about the Minimum Alternate Tax (MAT) provision?
It ensures a minimum tax payment from companies
Test your knowledge of the Minimum Alternate Tax (MAT) provision in the Indian tax law, which ensures that companies pay a minimum amount of tax regardless of their tax credits. This provision applies to companies not claiming deductions under specific sections of the Income Tax Act.
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