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Income tax section 115jaa

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(Querist)
06 May 2015 Dear Sir,

I would like to know about the time period of carry forward tax credit of MAT. could we take credit till 5 assessment years
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 May 2015 MAT credit can be carried forward upto 10 years immediately succeeding the year in which credit falls due.

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