What is MAT? - General Economics & Indian Economy

Q.  What is MAT?
- Published on 05 May 15

a. Minimum Alternate Tax
b. Maximum Alternate Tax
c. Multiple Alternate Tax
d. None of the above

ANSWER: Minimum Alternate Tax
 
Minimum Alternate Tax (MAT) is direct tax system levied on companies having large profits and declaring substantial dividends to shareholders but are not paying corporate tax, by taking advantage of the various incentives and exemptions provided in the Income-tax Act.

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