Minimum Alternate Tax (Section 115JB) - Indian Tax Law

To ensure that companies pay a minimum amount of tax (correct)

To encourage companies to claim more tax credits

To reduce the tax burden on small companies

To exempt companies from paying any tax

Start-up companies

Companies with high profits

Companies claiming deductions under specific sections of the Income Tax Act (correct)

Companies with foreign shareholders

They are exempt from paying any tax

They pay a reduced amount of tax

They pay tax based on their actual profits

They pay a minimum amount of tax (correct)

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