Interest calculation u/s 234 b & c

Deepak Tapse (Accounts Manager - Taxation)   (1771 Points)

22 May 2015  

In case of company where MAT Credit is available,  Interest is calculated u/s 234 B & C on which amount, As per IT or MAT

  INCOME TAX ADV TAX PAID BALANCE
IT 1000 300 150 150
MAT 800 160 150 10
MAT CREDIT UTILISED   140 0