MAT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 August 2010
Dear Frineds, I just want to know wheter MAT can be adjusted with TDS amount, bcz we have TDS of around Rs. 4.69 lacs & MAT amount on profit comes around 1.38 lacs, so whether we can adjust 1.38 lacs with 4.69 lacs.
Aditya Maheshwari
(Expert)
18 August 2010
Yes MAT can be considered as tax paid for the purpose of payment of MAT.
So in your case there would be refund of 4.69 - 1.38 lacs = 3.39 lacs.
So it can be adjusted.
So in your case there would be refund of 4.69 - 1.38 lacs = 3.39 lacs.
So it can be adjusted.
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