If the tax liability of a company is less than 18.5% of - Practice (English) | ObjectiveMcq

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If the tax liability of a company is less than 18.5% of - Practice (English) | ObjectiveMcq

PracticeBusiness ManagementTax Planning And ManagementIf the tax liability of a company i...

Tax Planning And Management Business ManagementEasy

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If the tax liability of a company is less than 18.5% of its book profits, the company is liable to pay MAT at the rate of

Correct Answer:

(D) 18.5% of books profits plus Surcharge(if any) plus 4% HEC

Explanation:

18.5% of books profits plus Surcharge(if any) plus 4% HEC

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