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.
The Department of Telecommunications (DoT) recently released draft rules to operationalize the Digital Bharat Nidhi. This fund will replace which former...
Where was the World Green Economy Forum launched to address environmental challenges?
According to the data released by the Controller General of Accounts (CGA), the Central Government’s fiscal deficit in the first five months of 2023-2...
Who has recently become the elected President of Maldives?
The 'Graphene-Aurora Programme' has been launched recently in collaboration with which ministry?
Which country did India send 1,400 kg of anti-cancer medicines to in August 2024?
Which app was recently launched by the Railway Protection Force to provide information about three new criminal acts?
In which year was Raj Bhavan established in Nainital?
Which of the following is true about Shivaji?
1. He was a disciple of Ramdas Samarth.Â
2. He observed Chauth and Sardeshmukhi.
3. ...
Which of the following doctrines evolved by the Indian judiciary acts as a specific limitation on the powers of the Parliament to amend the Constitution?
