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    Question

    A company’s book profit as per section 115JB is ₹50

    crore. MAT rate is 15% plus 4% cess. Calculate MAT liability.
    A ₹6.80 crore Correct Answer Incorrect Answer
    B ₹7.00 crore Correct Answer Incorrect Answer
    C ₹7.80 crore Correct Answer Incorrect Answer
    D ₹7.50 crore Correct Answer Incorrect Answer
    E ₹8.00 crore Correct Answer Incorrect Answer

    Solution

    • MAT = ₹50 crore × 15% = ₹7.5 crore. • Add 4% cess = ₹7.5 crore × 1.04 = ₹7.80 crore.

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