115JB/ 80IC

This query is : Resolved 

13 October 2007 Whether a Co. enjoying the benefit of 80IC need to pay tax liability u/s 115JB

Manish

13 October 2007 YES THE COMPANY WILL BE LIABLE FOR TAX U/S 115JB BUT IT CAN TAKE THE CREDIT FROM ITS 4TH YEAR ONWARDS AS MAT CREDIT CAN BE TAKE UPTO 7 YEAR

15 October 2007 Kindly elaborate on MAT credit procedures whether it is now applicable

17 October 2007 Manish,

Please have a look at the portal we have lot of material to clear you query

19 November 2007 YES


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