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mat

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08 March 2010 Any mat credit available with company, in how many year company have to utilise his mat credit..
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CA Mohd. Ubaid

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CA Mohd. Ubaid (Expert)
08 March 2010 MAT credit can be carried forward for 10 successive assessment year from the year in which credit becomes allowable.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
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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