Answer-MAT under Section 115JB is applicable when:

115JB ensures companies with high book profits but low taxable income pay at least Minimum Alternate Tax. Company must pay at least the MAT amount. MAT is triggered specifically when book profit tax normal tax liability.

Question

MAT under Section 115JB is applicable when:

A Book profit is lower than normal tax liability

B Book profit is higher than normal tax liability

C Company has no taxable income

D Gross total income is negative

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MAT under Section 115JB is applicable when:

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