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Availing of mat credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2013 If in current year tax liabilty is as below:


Tax as per normal rate - 1 Crore

Tax as per MAT - 5 Crore

Hence, i will be paying tax as per MAT i.e. Rs. 5 Crore.

How much credit of MAT i can avail in future? Is it Rs. 4 Crore or Rs. 5 Crore?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
09 August 2013 As per Section 115JAA MAT credit will be computed as under:

MAT - Tax as per normal provisions.

Accordingly in this case MAT credit will be Rs. 4 crores.
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