The provisions contained in section 206(1) of the Income-tax Act, 2025 relate to:
Section 206(1) provides for minimum alternate tax (MAT) on companies. Where applicable, this mechanism compares normal income-tax liability with the prescribed tax on book…
Choose your answer
The provisions contained in section 206(1) of the Income-tax Act, 2025 relate to:
Answer and explanation
Correct answer C
Section 206(1) provides for minimum alternate tax (MAT) on companies. Where applicable, this mechanism compares normal income-tax liability with the prescribed tax on book profit.
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Telangana SET (TG SET)