Definition : Minimum Alternate Tax
Category : Governmental » Rules & Regulations
Country/Region : India India
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What does MAT mean?

Minimum Alternate Tax (MAT) was introduced in the direct tax system to make sure that companies having large profits and declaring substantial dividends to shareholders but who were not contributing to the Govt by way of corporate tax, by taking advantage of the various incentives and exemptions provided in the Income-tax Act, pay a fixed percentage of book profit as minimum alternate tax.

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Frequently Asked Questions (FAQ)

What is the full form of MAT in Income Tax (India)?

The full form of MAT is Minimum Alternate Tax

What is the full form of MAT in Governmental?

Minimum Alternate Tax

What are the full forms of MAT in India?

Minimum Alternate Tax | Management Aptitude Test