https://www.taxtmi.com/manuals?id=1199 Minimum Alternate Tax under Section 115JB(1) deems a company's book profits to be its total income where tax under normal provisions is lower than the MAT computation; the tax payable is the higher of tax under normal provisions and tax at the MAT rate on book profits, with prescribed surcharge rules and a concessional rate for qualifying IFSC units. en-us Wed, 23 Sep 2015 15:52:00 +0530 Wed, 08 May 2024 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1199 Minimum Alternate Tax under Section 115JB(1) deems a company's book profits to be its total income where tax under normal provisions is lower than the MAT computation; the tax payable is the higher of tax under normal provisions and tax at the MAT rate on book profits, with prescribed surcharge rules and a concessional rate for qualifying IFSC units. Manuals Income Tax Wed, 23 Sep 2015 15:52:00 +0530 https://www.taxtmi.com/manuals?id=1199