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i am not in the US but "many" countries around the world use something called "MAT" or minimum alternate tax, wherein if you calculate taxes which is like zero or even a percentage lower than the limits mentioned, you are forced to pay MAT instead.

forced as in, you can claim a loss and all but you still pay MAT taxes which usually are around 18%.

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If you claim a loss what are they taxing, revenue?

yes. the idea of MAT is like you can claim all the "expenses" and the result would be a loss but when MAT is taken up, you get only "certain" expenses meaning you cant just pull expenses out of thin air. you have to prepare an altogether different p&L with only specified expenses and that always results in a profit and you pay taxes on that figure.

its like saying to a kid who doesnt want to go to school because his knee is bruised. cry all you want, you will go to school.

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