Question
ABC Ltd paid ₹12 lakh MAT in FY 2022-23 when normal
tax liability was ₹8 lakh. In FY 2023-24, normal tax liability is ₹14 lakh and MAT is ₹10 lakh. How much MAT credit can be used in FY 2023-24?Solution
MAT credit = MAT paid – regular tax (₹12L – ₹8L = ₹4L). In 2023-24, regular tax exceeds MAT by ₹4L, so ₹4L credit can be used.
What does first ‘P’ in the security instrument PNCPS, stand for?
The PV ratio is 80% and MOS is Rs.40,000. Calculate Fixed cost if Selling Price (SP) per unit is Rs.5 and Contribution is Rs.80,000.
Which of the following is NOT a requirement for the Customer Identification Procedure (CIP) under RBI's KYC regulations for financial institutions?
Which of the following strategies involves a company buying back its own shares from the market, potentially increasing the value of remaining shares?
Regarding the millets and their benefits, consider the following statements:
1)Millets are important due to their potential to generate livelihoo...
India's main money laundering risks, as per the FATF assessment, primarily stem from which of the following activities?
As per the Companies Act the conditions under which a person is ineligible for appointment as a director of a company ____________
Within how many days of creation of charge on assets, is it needed to be registered with the RoC?
A bank borrows Rs.50 crore from call money market on a daily basis. It invests in 5-year Government of India bonds with YTM of 7.10% having market value...
Which of the following is not a type of pension fund in India?
