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 ------

Related MCQs

• A company carry forward the eligible tax credit under MAT for a maximum of -----
• An assessee was engaged in the business of dealing in commodities. He had paid Commodities transaction tax of Rs.15,000 in respect of the taxable commodities transactions. Income arising of Rs 3,00,000 from such taxable commodities transactions was included in the income computed under the head "Profits and gains of business or profession”. Such expenditure of payment of Commodities transaction tax shall be considered as
• MAT Provisions are applicable to----
• Flat rate of corporate tax for a domestic company with annual turnover more than Rs250 crore is
• A person carrying not less than----- of the voting power in a company is said to have substantial interest in the company.
• Concealment of income or false claims to reduce tax liability are cases of ------
• Reducing tax liability, utilizing the deductions, exemptions or reliefs allowed in the Act and Rules is called----
• Flat rate of corporate tax for a domestic company with annual turnover up to Rs250 crore is
• Flat rate of corporate tax for a foreign company is
• Substantial interest in the company means not less than---- of voting power