Minimum Alternate Tax (MAT) - Indian Tax Law

To provide tax credits to companies

To reduce the tax burden on companies

To exempt companies from paying taxes

To ensure that companies pay a minimum amount of tax (correct)

When companies are not claiming deductions under specific sections of the Income Tax Act (correct)

When companies are exempt from paying any tax

When companies claim deductions under specific sections of the Income Tax Act

When companies have a high profitability margin

Companies claiming deductions under all sections of the Income Tax Act

Companies not claiming deductions under specific sections of the Income Tax Act (correct)

Companies with significant tax credits

Companies with high profitability

<p>It ensures a minimum tax payment from companies</p> Signup and view all the answers