Question
As per the Income Tax Act of 1961, Section 115JB, the
Minimum Alternate Tax (MAT) is calculated at what percentage of the book profit?ÂSolution
The Minimum Alternate Tax (MAT) is calculated at 15% of the book profit. This provision ensures that companies with large profits, but minimal taxable income through exemptions, still contribute a fair share of taxes.
A certain sum at CI amounts to Rs 2400 in 3 yr and to Rs 3600 in 6 yr. Then the sum is ?    Â
The compound interest received on investing Rs. 10,000 for 2 years at 'y'% p.a., compounded annually is Rs. 3,689. The simple interest earned on investi...
'P' allocated different portions of his savings, totaling Rs. 100,000, to three banks. The first portion was invested in Axis Bank at a simple interest ...
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Some amount out of Rs. 15000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 4 years the total interest from both the amou...
- A total of Rs. 17400 is shared between 'X' and 'Y' in the ratio 11:7. If 'Y' invests his portion in a compound interest scheme at a rate of 10% per annum, ...
The interest earned on investing Rs. 4000 for 2 years at the rate of 10% p.a., compounded annually, is used to purchase an article. If the article is la...
Compound interest on a certain sum of money for 2 years is Rs.2280 while the simple interest on the same sum for the same time period is Rs.2000. Find t...
A certain sum of money becomes Rs. 1800 in 1 year and 2500 in 3 years at certain rate of simple interest. Find the sum of money invested.
Compound interest on a certain sum of money for 2 years is Rs.2860 while the simple interest on the same sum for the same time period is Rs.2600. Find t...
