Direct Tax Laws & International Taxation

Ch 1 · Taxation of Companies & MAT

5 concept points · 3 formulas · 4 exam-critical points.

Important Points

🧮 Formula sheet

1.Effective rate 115BAA = 22% × 1.10 × 1.04 ≈ 25.17%
2.MAT = 15% × Book Profit (Sec 115JB) + Surcharge + Cess
3.Book Profit = Net Profit (Schedule III) ± Sec 115JB adjustments

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