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.
CA. C.N.PATIL
(Expert)
19 September 2010
YES IT IS APPLICABLE
Praveen Sharma
(Expert)
20 September 2010
Yes Interest on MAT is applicable.
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