Minimum Alternate Tax (MAT)

Tax Glossary Definition

Minimum Alternate Tax (MAT)

A provision to ensure that companies pay a minimum amount of tax, even if their regular tax liability is reduced or eliminated by exemptions, deductions, or incentives. Example: If a company has book profits of ₹50 lakh, MAT at 15% results in a minimum tax of ₹7.5 lakh.

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