Q. 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 ------ (Solved)
1. 15% of books profits plus Surcharge) if any) plus 4% HEC
2. 16% of books profits plus Surcharge)if any) plus 4% HEC
3. 16.5% of books profits plus Surcharge)if any) plus 4% HEC
4. 18.5% of books profits plus Surcharge(if any) plus 4% HEC
- d. 18.5% of books profits plus Surcharge(if any) plus 4% HEC