Question
As per the Income Tax Act of 1961, Section 115JB, the
Minimum Alternate Tax (MAT) is calculated at what percentage of the book profit?Solution
The Minimum Alternate Tax (MAT) is calculated at 15% of the book profit. This provision ensures that companies with large profits, but minimal taxable income through exemptions, still contribute a fair share of taxes.
How many circles does a target have in archery?
Deficiency of which of the following vitamins causes excessive bleeding from wounds?
What is India’s rank in the Global AI Index 2024?
The Himalayas have been divided on the basis of regions from west to east. The correct order of regions from west to east is:
Which institution is primarily responsible for safeguarding and managing a country's foreign exchange reserves?
What is the (approximate) amount of financial assistance approved by International Monetary Fund for Sri Lanka in March 2023 to help the country overcom...
In the last year India mostly imported which of the following?
As of October 2020, who is the Chief Election Commissioner of India?
In Pradhan Mantri Gramin Awaas yojana, the cost of unit assistance is shared between Central and State Governments in the ratio ___________ in plain are...
Which of the following options is a model that describes the formation, breakdown and reformation of a rock as a result of sedimentary, igneous and meta...
