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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
          In which of the following years, did govt introduce Minimum Alternate tax on companies?
    1. 1996       
    2. 1949
    3. 1972         
    4. 2005

    A) 1 only  

    B)        2 only

    C) 3 only                          

    D) 4 only

    Correct Answer: A

    Solution :

    In 1996, govt. introduced minimum Alternate tax (MAT) on companies which escaped the corporation tax net by using the provisions of exemptions, deductions incentives, deprecation and so on


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