Carry forward of mat credit,is it allowable??
This query is : Resolved
10 December 2014
A is a foreign company holding an Indian subsidiary company K.
If A is taken over by another foreign company B,will K be in a position to carry forward its Mat Credit???
If A is taken over by another foreign company B,will K be in a position to carry forward its Mat Credit???
10 December 2014
the ans is yes as for it they have to see co wise
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