What Does 'mat' Stand For?

1.	What Does 'mat' Stand For?
Answer» Minimum ALTERNATE TAX EXPLANATION: The intent of introducing MAT was to ensure that no taxpayer with substantial income can avoid tax liability by using exclusions, deductions and incentives. Minimum Alternate Tax Explanation: The intent of introducing MAT was to ensure that no taxpayer with substantial income can avoid tax liability by using exclusions, deductions and incentives.

Answer»

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

Minimum Alternate Tax

Explanation: 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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What Does 'mat' Stand For?

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