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Minimum alternative tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 September 2012 Dear Members,

whether a company claim MAT credit entitlement (Asset)without paying the tax. However, the company has provided full provision in the books of account for income tax (payable).
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Deepanshu Agg.

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Deepanshu Agg. (Expert)
22 September 2012 Not justifiable,
MAT credit is available when it is paid to the credit of government, without paying MAT you caanot claim MAT credit , it would be manipulation of bal. sheet figures
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
22 September 2012 no credit without paying it.




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