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.
Which institution was awarded the Special Consultative Status by UN ECOSOC for its contributions to the Sustainable Development Goals?
Which amongst the following nations is not a member of the SAARC?
Which case ruled that Right to Privacy is a fundamental right under Article 21?
 Which of the statement is not true in regards to the health system during the Panwar dynasty:
On which date was the World Trade Organization (WTO) established?
Brihadiswara Temple which exhibits Dravidian temple architecture is located in __________.Â
Pandit Birju Maharaj is renowned for his mastery in which classical dance form?
Money multiplier measures an estimate of the maximum amount of commercial bank money that can be created
Nagaland became the first Indian state to implement which type of insurance scheme?
If ‘MARKET’ is coded as 419252 then ‘INDUSTRY’ will be coded as
