Minimum alternative tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2012
Dear Members,
whether a company claim MAT credit entitlement (Asset)without paying the tax. However, the company has provided full provision in the books of account for income tax (payable).
whether a company claim MAT credit entitlement (Asset)without paying the tax. However, the company has provided full provision in the books of account for income tax (payable).
Deepanshu Agg.
(Expert)
22 September 2012
Not justifiable,
MAT credit is available when it is paid to the credit of government, without paying MAT you caanot claim MAT credit , it would be manipulation of bal. sheet figures
MAT credit is available when it is paid to the credit of government, without paying MAT you caanot claim MAT credit , it would be manipulation of bal. sheet figures
Message likes :
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CA Lokesh Pokharna
(Expert)
22 September 2012
no credit without paying it.
Message likes :
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