Normal tax liability for a company assessee is ₹5,00,000 and tax liability under MAT is ₹8,00,000. In this case the tax payable and MAT Credit c/f will be :
CS Executive · Tax Laws · PYQS · December 2023
Normal tax liability for a company assessee is ₹5,00,000 and tax liability under MAT is ₹8,00,000. In this case the tax payable and MAT Credit c/f will be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax Act, 1961
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