Mat
This query is : Open
mukesh rawat
(Querist)
10 June 2015
F.Y.12-13 MAT PAID RS 509006/-
F.Y. 13-14 MAT IS 737301/-
NORMAL TAX 693702/-
CAN I ADJUST MAT CREDIT IN F.Y. 13-14
F.Y. 13-14 MAT IS 737301/-
NORMAL TAX 693702/-
CAN I ADJUST MAT CREDIT IN F.Y. 13-14
Ankur Singhal
(Expert)
11 June 2015
Dear Mukesh rawat,
As per income tax act an assessee( company) is required to pay higher of 1. Normal tax or 2. MAT so in your case MAT is higher so you cann't adjust mat credit in F.Y. 2013-14.
As per income tax act an assessee( company) is required to pay higher of 1. Normal tax or 2. MAT so in your case MAT is higher so you cann't adjust mat credit in F.Y. 2013-14.
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
