mat
This query is : Resolved
Nishant Tanna
(Querist)
08 March 2010
Any mat credit available with company, in how many year company have to utilise his mat credit..
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.
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.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
