MAT Stands for Minimum Alternative Tax

Q.  What does 'MAT' stand for?
- Published on 20 Jul 15

a. Maximum Alternate Tax
b. Minimum Alternate Tax
c. Maximum Alternate Time
d. Minimum Alternate Time

ANSWER: Minimum Alternate Tax
 
The intent of introducing MAT was to ensure that no taxpayer with substantial income can avoid tax liability by using exclusions, deductions and incentives.

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