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.