alleryStart learning →For assessment years from 2020-21, MAT is levied if tax is below what share of book profit?
A15 per cent
B18.5 per cent
C9 per cent
D22 per cent
Answer & Solution
Correct answer: A. 15 per cent
A proviso to section 115JB(1) substitutes fifteen per cent for eighteen and one-half per cent from assessment year 2020-21.
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