Mat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 November 2012
if company filled belated return of income,still company can avail Mat credit in next assessment year.
suppose
normal provision :tax payable Rs500000
mat provision : tax payable Rs700000
can company c/f 2L credit in next year...
suppose
normal provision :tax payable Rs500000
mat provision : tax payable Rs700000
can company c/f 2L credit in next year...
22 November 2012
MAT provisions DO NOT require that the return should be filed on or before the due date to carry forward the MAT credit. The restriction is only for carry forward of losses.
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