Latest Articles By Mohammad Abid Khan

To encourage domestic manufacturing and attract global investment, the Government of India introduced Section 115BAB , offering one of the lowest corporate tax rates globally. This section provides new manufacturing companies with a concessional tax rate of 15% , making India a competitive hub for industrial growth. Let’s understand what is Section 115BAB , its eligibility,… Read more

Dividend Distribution Tax (DDT) was once a key part of India’s corporate tax system, requiring companies and mutual funds to pay tax on the dividends distributed to investors. Although DDT was abolished in 2020, understanding its history, rates, and subsequent changes is essential to grasp how dividend taxation works today. Let’s explore how DDT worked, its… Read more

Alternate Minimum Tax (AMT) is a taxation concept introduced to ensure that taxpayers claiming multiple deductions or exemptions still contribute a minimum amount of tax to the government. It acts as a balancing mechanism for equity and prevents misuse of tax benefits. AMT mainly applies to non-corporate taxpayers like LLPs, partnership firms, and individuals availing certain… Read more

Minimum Alternate Tax (MAT) ensures that companies pay a minimum amount of tax, even when their taxable income is reduced by various exemptions or deductions. It prevents zero-tax situations and maintains equity among taxpayers. MAT applies primarily to companies with large book profits but low or nil taxable income under regular provisions.

Corporate tax is one of the most important aspects of business finance and compliance. Understanding it helps companies not only remain legally sound but also optimize their financial strategy. This guide covers the meaning, filing process, rates, and major benefits of corporate tax for businesses in India.