As we all know, the rate of MAT has been increased from the present 15% to 18% with effect from April 20 What is the full form of MAT ?

As we all know, the rate of MAT has been increased from the present 15

1.	As we all know, the rate of MAT has been increased from the present 15% to 18% with effect from April 20 What is the full form of MAT ?
A.	Maximum Alternate Tax
B.	Minimum Alternate Tax
C.	Minimum Affordable Tax
D.	Maximum Affordable Tax
E.	None of these
Answer» C. Minimum Affordable Tax

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As we all know, the rate of MAT has been increased from the present 15% to 18% with effect from April 20 What is the full form of MAT ?

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