banner_ad

Mat credit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 February 2015 I HAVE FILLED RETURN OF a.y.2011-12 IN WHICH TAX HAS BEEN PAID AS PER MAT U/S 115JB. IN NEXT YEAR I HAVE CLAIMED REFUND ON INCOME. BUT HAVEN'T CLAIMED CREDIT OF MAT. THE DEPARTMENT ISSUED REFUND AFTER ADJUSTING THE AMOUNT OF MAT U/S 115JB IN THAT YEAR. CAN I CLAIM THE BALANCE AMOUNT OF REFUND FROM DEPARTMENT BY WAY OF CLAIMING MAT CREDIT IN CURRENT YEAR, AS I HAVE NOT CLAIMED CREDIT IN THE MEANWHILE YEARS?
Profile Image

CA. Anoop Bhatia

Profile Image

CA. Anoop Bhatia (Expert)
27 February 2015 In my opinion claiming MAT credit u/s 115JAA of the Income Tax Act 1961 is not optional. It is a standard part of self assessment tax as well as final tax computation of the assessee. Thus you may file rectification application for those years where MAT credit adjustment is not claimed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details