The ____ committee on minimum alternate tax (MAT) has recommended to the finance ministry that the levy shouldn't be imposed for the period preceding Apr 1, 2015.

Altamas Kabir

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HL Dattu

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AP Shah

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Rajendra Mal Lodha

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Mukul Mudgal

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Solution

The correct option is C AP Shah
The above recommendation has been made by AP Shah committee.

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Similar questions

MAT is levied on the principle that everyone participating in the economy must contribute to the exchequer. Which of the following statements is/are correct for Minimum Alternate Tax?

Code:

Only 1
None of these
Only 1 & 2
Only 2 & 3

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?

Q. Minimum Alternate Tax (MAT) is imposed by the Indian Government in addition to which one of the following tax?

Q. Chelliah Committee (1992-93) recommended that in Income Tax there should be:

Regarding two new committees set up by the Ministry of Finance – Tax Policy Council (TPC) and Tax Policy Research Unit (TPRU) which of the statement is incorrect

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The ____ committee on minimum alternate tax (MAT) has recommended to the finance ministry that the levy shouldn't be imposed for the period preceding Apr 1, 2015.

The correct option is C AP ShahThe above recommendation has been made by AP Shah committee.

The correct option is C AP Shah
The above recommendation has been made by AP Shah committee.