Multiple choice

By what rate Minimum Alternate Tax increased of book profit in Budget 2011-12 presented on February 28, 2011 in Loksabha?

  1. 15% to 18%

  2. 18% to 18.5%

  3. No change

  4. 7.5% to 10%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Rate of minimum alternate tax increased from 18% to 18.5% of book profit in Budget 2011-12. Hence, this is correct option.

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