MAT Credit
This query is : Resolved
CA Rushabh Gandhi
(Querist)
04 September 2009
In case of tax credit u/s 115 JB, should we include surcharge, education cess & higher edu cess paid for set off in future years?
As per V K Singhania Ready Reckoner it should include sur, edu cess & higher edu cess, but as per the query posted here before, it said that it should not include the same.
pls reply
As per V K Singhania Ready Reckoner it should include sur, edu cess & higher edu cess, but as per the query posted here before, it said that it should not include the same.
pls reply
Aditya Maheshwari
(Expert)
04 September 2009
Ideally it should not be and also as per the format of ITR MAT credit should be in respect of income tax only and not surchage & EC
CA Rushabh Gandhi
(Querist)
04 September 2009
Thanks
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