What does 'MAT' stand for?
a. Maximum Alternate Tax
b. Minimum Alternate Tax
c. Maximum Alternate Time
d. Minimum Alternate Time
Submitted by: MuhammadMinimum Alternate Tax
Explanation:
The intent of introducing MAT was to ensure that no taxpayer with substantial income can avoid tax liability by using exclusions, deductions and incentives.
Submitted by: Muhammad
Explanation:
The intent of introducing MAT was to ensure that no taxpayer with substantial income can avoid tax liability by using exclusions, deductions and incentives.
Submitted by: Muhammad
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