Operating & Maintainig a captive power plant.
This query is : Resolved
Anita Dsouza
(Querist)
03 December 2008
What is the law governing a captive power plant?
is there a guidance note or notification etc which prescribes the accounting policies to be adhered to by a company operating & maintaining a captive power plant, what if the power plant is one of the many divisions of the company.
A company availing deduction under 80 IA of the IT Act will still be required to pay MAT, what about the MAT credit treatment, what will be the MAT credit in such a case
is there a guidance note or notification etc which prescribes the accounting policies to be adhered to by a company operating & maintaining a captive power plant, what if the power plant is one of the many divisions of the company.
A company availing deduction under 80 IA of the IT Act will still be required to pay MAT, what about the MAT credit treatment, what will be the MAT credit in such a case
Rajdeep Pawar
(Expert)
04 December 2008
Normal Treatment as given in Sec.115JAA.
Taranjit Singh
(Expert)
11 October 2009
s this old query still pending, plz send pm.
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