Concept Of Mat

Mat a brief introduction.

Concept of mat. Total tax payable under mat 19 50 000 78 800 20 28 000. The concept of mat was introduced to target those companies that make huge profits and pay the dividend to their shareholders but pay no minimal tax under the normal provisions of the income tax act by taking advantage of the various deductions and exemptions allowed under the act. The concept of mat was introduced under ita to tax companies making high profits and declare dividends to their shareholders but have no significant taxable income because of exemptions deductions and incentives. 1 16 of 117 results for concept 2 rower mat price and other details may vary based on size and color supermats high density commercial grade solid equipment mat 29gs made in u s a.

Hence tax payable by company 20 28 000. The king s role was to set maat in place of isfet disorder maat was crucial in human life and embraced notions of reciprocity justice truth and moderation maat was personified as a goddess and the creator s daughter and. In ancient egyptian religion. There is a credit of mat of 4 68 000 which can be carried forward to 15 assessment year.

King cosmos and society. Minimum alternative tax is payable under the income tax act.