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Commerce · Q640

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 640

Q640

Which of the following statements are true in context of computing Minimum Alternative Tax?

A.
This can be under Section 115B(a) of the Income Tax Act, 1961
B.
The book profit need not to be increased by inter alia, the amount of deferred tax debited to the profit and loss account
C.
A and B
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
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