MAT (Minimum Alternate Tax)

MAT (Minimum Alternate Tax)

1.	Objective of levying MAT
2.	Basic provisions of MAT
3.	Applicability and non-applicability of MAT
4.	Meaning of Book Profit & its Computation
5.	MAT credit
6.	Adjustment of carried forward MAT credit
7.	Period for which MAT credit can be carried forward
8.	Report from chartered accountant

MAT stands for Minimum Alternate Tax. Initially the concept of MAT was introduced for companies and progressively it has been made applicable to all other taxpayers in the form of AMT. In this part you can gain knowledge about various provisions relating to MAT.