Quick Overview of Section 115JB
Section 115JB explains how a company may have to pay a minimum amount of tax based on its book profit […]
Tax
Steps to Calculate Book Profit Under Section 115JB (MAT)
Book Profit is the adjusted net profit of a company, calculated based on its Profit & LossAccount as per the
What is MAT (Minimum Alternate Tax)?
What is MAT and how to calculate it? MAT, or Minimum Alternate Tax, is a provision in India that requires
New Tax Regime under Section 115BAC for AY 2025-26
The Indian government has introduced a new tax regime under Section 115BAC of theIncome Tax Act. This provides lower tax