Consider the following statements regarding MAT:- 1. MAT is a way of m

1.	Consider the following statements regarding MAT:- 1. MAT is a way of making companies pay minimum amount of tax. 2. Shah Committee recommended that MAT can be levied on 'book profits' computed as per accounts maintained under the Companies Act. 3. Income arising from free trade zones, charitable activities, investment by venture capital companies is also included under preview of MAT. 4. AP Shah Committee has been constituted to examine MAT levied on FIIs. Which of the following statements are correct?
Answer» Consider the following statements regarding MAT:- 1. MAT is a way of making companies pay minimum amount of tax. 2. Shah Committee recommended that MAT can be levied on 'book profits' computed as per accounts maintained under the Companies Act. 3. Income arising from free trade zones, charitable activities, investment by venture capital companies is also included under preview of MAT. 4. AP Shah Committee has been constituted to examine MAT levied on FIIs. Which of the following statements are correct?

Consider the following statements regarding MAT:- 1. MAT is a way of making companies pay minimum amount of tax. 2. Shah Committee recommended that MAT can be levied on 'book profits' computed as per accounts maintained under the Companies Act. 3. Income arising from free trade zones, charitable activities, investment by venture capital companies is also included under preview of MAT. 4. AP Shah Committee has been constituted to examine MAT levied on FIIs. Which of the following statements are correct?

Answer»

Consider the following statements regarding MAT:-

1. MAT is a way of making companies pay minimum amount of tax.

2. Shah Committee recommended that MAT can be levied on 'book profits' computed as per accounts maintained under the Companies Act.

3. Income arising from free trade zones, charitable activities, investment by venture capital companies is also included under preview of MAT.