Economics · Taxation in India
Minimum Alternate Tax (MAT) is applicable to companies when:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The company distributes dividends to shareholders.
- 2The company incurs consecutive financial losses.
- 3Tax liability under normal provisions is lower than the prescribed percentage of book profit.✓
- 4Tax liability under normal provisions is higher than book profit tax.
Correct answer
Tax liability under normal provisions is lower than the prescribed percentage of book profit.
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