Which of the following statements is/are correct about the Minimum Alternate Tax or MAT? 1. MAT is a tax provision reintroduced in 1997 in an attempt to bring zero tax-high-profits companies into the income tax net 2. Recently, the Finance Minister Scrapped the MAT for companies which will be established after 2019, with an aim to attract investment Select the correct answer using the codes given below: - Study24x7
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UPSC & State PSC
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Which of the following statements is/are correct about the Minimum Alternate Tax or MAT? 1. MAT is a tax provision reintroduced in 1997 in an attempt to bring zero tax-high-profits companies into the income tax net 2. Recently, the Finance Minister Scrapped the MAT for companies...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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