Under the Income-tax Act, 2025, if a domestic company exercises the option under section __________,…
Section 200 provides the optional concessional regime for domestic companies. Section 206 excludes a company exercising that option from minimum alternate tax.
Choose your answer
Under the Income-tax Act, 2025, if a domestic company exercises the option under section __________, the provisions of minimum alternate tax are not applicable.
Answer and explanation
Correct answer B
Section 200 provides the optional concessional regime for domestic companies. Section 206 excludes a company exercising that option from minimum alternate tax.
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Maharashtra and Goa SET (MH SET)