Question

    ABC Ltd. earned ₹50 lakh before tax. It made donations

    eligible under Section 80G of ₹5 lakh and depreciation as per IT Act ₹7 lakh. What is the taxable income before MAT?
    A ₹30 lakh Correct Answer Incorrect Answer
    B ₹38 lakh Correct Answer Incorrect Answer
    C ₹45 lakh Correct Answer Incorrect Answer
    D ₹50 lakh Correct Answer Incorrect Answer
    E ₹40 lakh Correct Answer Incorrect Answer

    Solution

    Adjusted PBT = 50 – 5 – 7 = ₹38 lakh

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