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.
The Sales Tax officers work in which of the following cities?
Which among the following statements is definitely true?
Five persons, G, U, Y, K and C, live in a five-storey building such that bottommost floor is numbered as 1 and the floor immediately above it is numbere...
How many persons are living between I and the one who goes to Indore?
Four of the following five are alike in a certain way and hence form a group. Which of the following one that does not belong to the group?
Which of the following combination is definitely correct?
How many persons are working below the floor in which A is working?
Three persons work in which of the following shifts?
- Which box is the heaviest?
Who lives to the East of the one who likes Orange?
