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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
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Ankur Singhal

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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.

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