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115JB..tax paid..

This query is : Resolved 
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(Querist)
20 October 2010 Dear Experts,
If the tax is paid as per 115JB calculation and the company was unable to file the return within the due date, can the company take credit u/s 115JC so that in the next year if it pays tax in the normal provisions he can set off the MAT credit amount.
Thanks & Regards,
Rajesh.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
20 October 2010 Yes , tax credit will be available u/s 115JAA, although return was submitted after the due date.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
20 October 2010 Yes MAT paid credit can be taken even if return has been late filed. There is no condition to file return in time to claim MAT credit.
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