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?ÂSolution
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.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
- Figure A is related to B following a certain pattern. Following the same pattern, figure C is related to D. Study the pattern and select the figure which s...
If the word 'EXAMINATION' is arranged in alphabetical order from the right end, then which of the following letter will be fourth letter to the right of...
Which figure should replace the question mark (?) if the series were to continue?
Identify the figure that completes the pattern.
Which of the given figures when placed in the 5th position would continue the series that is established by the first four figures?
- Select the figure that will come next in the following figure series.
