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.
With reference to Dr B.R Ambedkar, consider the following statements:
1.   He was the Chairman of the Drafting Committee.
2.   He ...
The SheSTEM 2024 initiative, concluded recently, was organized by Atal Innovation Mission in collaboration with the Embassy of which country?Â
Consider the following statements about Sub-Neptune planets:
1. Recently, astronomers have identified six sub-Neptune planets orbiting in a rare ...
According to Shiv Prasad Dabral ji, which is the oldest caste of the Himalayas?
Kalakkad-Mundanthurai Tiger Reserve lies in which one of the following regions?
According to the latest employment-unemployment indicators report released by the National Statistical Office (NSO), what was India's unemployment rate ...
Which organization serves as a donor for the Monitoring the Illegal Killing of Elephants (MIKE) Program?
What does the letter 'S' stand for in the Indian Army's "E-SeHAT" module for veterans?
Which village of the state was selected 1st prize for the water conservation category by the Union ministry of jal shakti?
Where did the 148th Inter-Parliamentary Union meeting take place in March 2024?
