Based on the information provided in Question 1: (b) Compute the Minimum Alternate Tax (MAT) payable by the company for the Assessment Year 2025-26.
CS Professional · Advanced Direct Tax Laws and Practice · PYQS · December 2025
Based on the information provided in Question 1: (b) Compute the Minimum Alternate Tax (MAT) payable by the company for the Assessment Year 2025-26.
Answer & Explanation:
Computation of MAT payable by the Frency and Falak Tyres Limited for A.Y. 2025-26 Particulars Amount (₹) MAT on book profit under section 115JB = 15% of 12,90,00,000 1,93,50,000 Add: Surcharge @ 12% (since book profit exceeds ₹10 crore) 23,22,000 2,16,72,000 Add: Health and education cess @ 4% 8,66,880 MAT liability for A.Y.2025-26 2,25,38,880
Topics: Minimum Alternate Tax (MAT)
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