Interest on MAT
This query is : Resolved
18 September 2010
Interest under section 234B and 234C are applicable.
Citation :- Madras Pharmaceuticals (P) Ltd Vs. Dy.CIT (2008) 24 SOT 180(Mum-Tri)
Citation :- Madras Pharmaceuticals (P) Ltd Vs. Dy.CIT (2008) 24 SOT 180(Mum-Tri)
19 September 2010
Yes interest under sec 234 C and 234 B are attracred and you can not use MAT credit against interest payable on MAT.
19 September 2010
YES IT IS APPLICABLE
20 September 2010
Yes Interest on MAT is applicable.
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