alleryStart learning →The original MAT rate in section 115JB(1) for assessment year 2012-13 onward was what?
A15 per cent
B18.5 per cent
C20 per cent
D30 per cent
Answer & Solution
Correct answer: B. 18.5 per cent
The main text of section 115JB(1) states eighteen and one-half per cent of book profit, later cut to fifteen per cent.
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