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Rohan Sharma
( Author )
19 June 2012
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XYZ PVT LTD COMPANY DURING THE F.Y 2011-12 INCOME TAX LAIBILITY ZERO AS PER NORMAL INCOME TAX BUT COMPANY IS LIABLE TO PAY MAT
AMOUNT OF MAT AS FOLLOW
MAT TAX @ 18.5 % IS RS 30,00,000
ADD SURCHAGE RS 1,50,000
TOTAL RS 31,50,000
ADD ED CESS RS 94,500
TOTAL 32,44,500
MY QUESTION IS THE COMPNAY IS ELIGIBLE TO SET OFF MAT INCLUSIVE OF SURCHARGE & EDUCATION CESS
COMPANY ELIGBLE TO CLAIM MAT CREDIT ENTILTLEMENT RS 32,44,500 (INCLUSIVE OF EDUCATION CESS & SURCHAGE) OR
RS 30,00,000
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) now 
