Answer-Section 115JAA allows which of the following?

Q: Answer-Section 115JAA allows which of the following?

If a company has paid Minimum Alternate Tax MAT under Section 115JB in a year, but regular tax is higher in a future year, then MAT credit under Section 115JAA can be set off.

⚡ Month End Offer - Flat 52% Off On All Courses! Enroll Now ⚡
00:00:00 AM Left

Home
Questions
Commerce and Accounts
Accounts
Section 115JAA allows which of the following?

Question

Section 115JAA allows which of the

following?

A Deduction of interest paid on capital borrowed Correct Answer Incorrect Answer

B Carry forward of MAT credit Correct Answer Incorrect Answer

C Capital gain exemption on urban land Correct Answer Incorrect Answer

D Deduction for donations to political parties Correct Answer Incorrect Answer

Solution

If a company has paid Minimum Alternate Tax (MAT) under Section 115JB in a year, but regular tax is higher in a future year, then MAT credit under Section 115JAA can be set off.

Practice Next

More Accounts Questions

Ayodhya city is situated at the bank of river?
Recently the Supreme Court has rejected the petition against the collegium system, this system developed in-
Browning disease occurs due to deficiency of Boron in which of the following vegetable?
On what is the principle of Brahmo Samaj based?
Which state share the maximum border with Uttar Pradesh?
Where will be India’s first night sky sanctuary going to be set up?
Who has been roped as the brand ambassador for the brand Fire - Boltt?
Leaders, Politicians, Citizens: Fifty Figures Who Influenced India’s Politics, a book by which of the writers?
On which date is World Hydrography Day celebrated?
Where did Hyder Ali build a modern arsenal?

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question