MAT CREDIT
This query is : Resolved
09 January 2009
MAT CREDIT AMOUNT DETERMINATION?
33.99% - 11.33% ? OR
30% - 10%?
if supporting case law. pls provide it too
33.99% - 11.33% ? OR
30% - 10%?
if supporting case law. pls provide it too
09 January 2009
mat credit= mat less tax payable under normal provisions of income tax.
10 January 2009
in Your Mat less Tax payable..
indicate % of the above..
i know
mat credit= tax paid u/s 115j less normal tax
but surcharge and cess to be included or not while computing
indicate % of the above..
i know
mat credit= tax paid u/s 115j less normal tax
but surcharge and cess to be included or not while computing
10 January 2009
There is no case law exactly for the issue.
% to be taken is 33.99 - 11.33.
% to be taken is 33.99 - 11.33.
18 January 2009
ya i too know it..
but it was argued as
mat credit= tax paid u/s 115jb(1)- normal tax
in 115jb(1), it doesn includes cess..
but it was argued as
mat credit= tax paid u/s 115jb(1)- normal tax
in 115jb(1), it doesn includes cess..
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
- About TDS & Income Tax
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Under construction property in ITR
- Not able to file ITR
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Regarding ITR filing with more value than showing in AIS/TIS
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
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
