[Resolved] | Income Tax #1153904

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NARESH

NARESH (Querist)
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27 November 2012 Dear sir\madam
can i know what is meant by sec 115jb?

Pankaj Gupta

Pankaj Gupta (Expert)
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27 November 2012 sec 115jb relates with minimum alternate tax which is applicable on company assessee whether indian or not.
Tax payble by company is ---

Either the actual tax
or
Tax @18.5% on adjusted income,
whichever higher.

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