1.

If the tax liability of a company is less than 18.5% of its book profits, the company is liable topay 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.


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