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.
Under perfect competition, the firm's demand curve is typically perfectly elastic. However, under certain conditions, it may become negatively sloped. W...
According to the Travel and Tourism Development Index (TTDI) 2024 report published by the World Economic Forum (WEF), India is ranked
Which policy tool is more effective under a fixed exchange rate regime according to the Mundell-Fleming Model?
Suppose you have estimated Salary = 10 + 12education + 7gender, where gender is one for male and zero for female. If gender had been one for female and ...
What is the probability of getting the sum as a prime number if two dice are thrown?
The GDP’s (at factor cost) and population sizes of two countries A and B were identical in a particular year. Which of the following statements is the...
“ All Giffen goods are inferior, but all inferior goods are not Giffen”. The statement isÂ
Refer to the above table. Calculate th...
Calculate Personal Income:
GDP
Under a fixed exchange rate system (A)_________ would be an exogenous monetary policy instrument, whereas under a flexible exchange rate system (B) ____...
