MAT Credit
This query is : Resolved
Badarinath
(Querist)
22 September 2009
Companies which are taking 10A or 80I exemption and paying taxes as per MAT - Whether these companies are eligible to Take MAT credit which was paid earlier during the Tax Holiday, Aganist the Taxes payable by them once they become liable to pay taxes after the holiday Period?
chetan soni
(Expert)
22 September 2009
yes, they can take the credit of the same in the year when they need to pay the taxes u/s 115JAA.
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