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
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.
CAclubindia
