Assessment of Companies | Corporate tax | Lecture 1 | BBA MBA BCOM MCOM |

Assessment of Companies | Corporate tax | Lecture 1 | BBA MBA BCOM MCOM | #corporatetax #assessmentofcompanies #bookprofit ‪@commercebydolmita‬ Welcome to Lecture 1 of the Corporate Tax Series, where we discuss the Assessment of Companies under the Income Tax Act, 1961. In this lecture, you’ll learn about the taxation of companies in India, including how domestic and foreign companies are assessed, tax rates applicable to them, and special provisions under Section 115BAA, Section 115BAB, and Minimum Alternate Tax (MAT) provisions. We’ll also cover the concept of book profit, computation of total income, surcharge and health & education cess, and other important aspects relevant for B.Com, BBA, CA, CS, CMA, and MBA students. 📘 Topics Covered: Meaning and process of Assessment of Companies Classification of companies (Domestic & Foreign) Residential status of companies Tax rates applicable to companies Section 115BAA – Tax on domestic companies Section 115BAB – Tax on new manufacturing companies MAT (Minimum Alternate Tax) Book Profit and MAT computation Surcharge and Cess on corporate income This lecture provides a strong foundation for understanding Corporate Taxation and Company Assessment under the Income Tax Act. 👉 Don’t forget to Like, Share, and Subscribe for more lectures on Corporate Tax, Income Tax, and Accounting!