Mat credit
This query is : Resolved
Shubham Oswal
(Querist)
18 April 2014
How many years the Credit of MAT can be carried forward for A.Y. 2014-15 under section 115JB ?
19 April 2014
Carried forward is allowed for 5 assessment years after the end of the assessment year . In this case carried forward is allowed up to the assessment year 2019-20
Rupesh Jain
(Expert)
19 April 2014
Respected Mr Ramesh
at present MAT payable u/s 115JB.
you can carry forward the MAT amount for 10 years. not the 5 year.
MAT u/s 115JA was applicable up to Assessment year 2000-01.
at present MAT payable u/s 115JB.
you can carry forward the MAT amount for 10 years. not the 5 year.
MAT u/s 115JA was applicable up to Assessment year 2000-01.
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