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Under the 2022 amendment to 115JC(4), a co-operative society pays AMT at what rate?

A9 per cent
B18.5 per cent
C15 per cent
D22 per cent
Answer & Solution
Correct answer: C. 15 per cent
The substituted sub-section (4)(ii) reduces the AMT rate for a co-operative society to fifteen per cent.
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