Question
In which of the following years, did govt introduce Minimum Alternate tax on companies?
- 1996
- 1949
- 1972
- 2005
Answer: Option A
Answer: (a)In 1996, govt introduced minimum Alternate tax (MAT) on companies which escaped the corporation tax net by using the provisions of exemptions, deductions incentives, deprecation and so on
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Answer: (a)In 1996, govt introduced minimum Alternate tax (MAT) on companies which escaped the corporation tax net by using the provisions of exemptions, deductions incentives, deprecation and so on
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