MCQOPTIONS
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MCQOPTIONS
| 1. |
If the tax liability of a company is less than 18.5% of its book profits, the company is liable to pay MAT at the rate of ------ |
| A. | 15% of books profits plus Surcharge) if any) plus 4% HEC |
| B. | 16% of books profits plus Surcharge)if any) plus 4% HEC |
| C. | 16.5% of books profits plus Surcharge)if any) plus 4% HEC |
| D. | 18.5% of books profits plus Surcharge(if any) plus 4% HEC |
| Answer» E. | |