mat
This query is : Resolved
08 March 2010
Any mat credit available with company, in how many year company have to utilise his mat credit..
08 March 2010
MAT credit can be carried forward for 10 successive assessment year from the year in which credit becomes allowable.
08 March 2010
TAX CREDIT SHALL BE ALLOWED TO SET OFF FOR 10 SUCCESSIVE A.Y. U/S115JAA.TAX CREDIT SHALL BE ALLOWED IN A FUTURE YEAR IN WHICH TAX BECOMES PAYABLE ON THE TOTAL INCOME COMPUTED IN ACCORDANCE WITH THE PROVISIONS OTHER THAN SEC 115JB.
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