Minimum alternative tax rate for ay 2020-19
Jun 7, 2018 Companies find various loop-holes to avoid paying income tax by using several exemptions. MAT is a way of making companies pay a Jan 21, 2020 Reduction in Minimum Alternate Tax (MAT) rate and. • Buy-back of shares prior to the AY beginning on 1 April 2020, then the corresponding Nov 25, 2015 Minimum Alternate Tax (MAT) is a tax effectively introduced in India by the MAT . Normal tax rate applicable to an Indian company is 30% (plus cess and 1987 (from the assessment year 1988-89), which instead introduced