115JB..tax paid..
This query is : Resolved
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.
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.
20 October 2010
Yes , tax credit will be available u/s 115JAA, although return was submitted after the due date.
Message likes :
1 times
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
