Availing of mat credit
This query is : Resolved
Querist : Anonymous
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?
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?
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.
MAT - Tax as per normal provisions.
Accordingly in this case MAT credit will be Rs. 4 crores.
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
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- Price inclusive or exclusive of GST while made entry in P& L Account
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Salary from Qatar in Dollars in India
- TDS on purchase of under construction property from a reseller
- GST ISSUE OF INPUT AND OUTPUT GST
- Change Of Karta In Case of Death
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- 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
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
