Question
A domestic company reports ₹2 crore as book profit. As
per section 115JB, if its normal tax liability is ₹12 lakh, what is the Minimum Alternate Tax (MAT) payable?Solution
MAT = 15% of book profit + surcharge + cess. Basic = 15% of ₹2 crore = ₹30 lakh. Including cess/surcharge = approx. ₹15.6 lakh minimum payable. If normal tax < MAT, then MAT applies.
Which of the following statement is true?
Whose income is the second highest?
What is the position of E with respect to F?
What is the position of O with respect to W?
In which of the following statement, the first and second persons are sitting opposite to each other in the final arrangement?
I) PW
...
Four from the following five are related in a certain way and hence form a group. Find the one who doesn’t belong to that group.
Who sits diagonally opposite to G?
How many persons are seated in a table (Including unknown persons)?
Which of the following can be the correct conclusion drawn from the impression B + C @ D + E $ F % G?
How many persons sit between D and C?
