Mat credit
This query is : Open
Aadish Jain
(Querist)
08 March 2018
Tax on Business Income under normal provision 12.87 Crore
Tax on Capital Gain 0.35 Crore
Total Tax under normal provision 13.22 Crore
Tax under section 115JB is 12.90 Crore
earlier years MAT Credit is 0.75 Crore
now what is the treatment related to mat credit
Please suggest
Tax on Capital Gain 0.35 Crore
Total Tax under normal provision 13.22 Crore
Tax under section 115JB is 12.90 Crore
earlier years MAT Credit is 0.75 Crore
now what is the treatment related to mat credit
Please suggest
Miss Mansi Bhojani
(Expert)
08 March 2018
You tax liability will be Rs 12.90 crore.
your MAT credit will be Rs. 0.43 crore.
Please mention your initial year of MAT credit so that I can suggest to till which AY you can carry forward it.
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