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Tax credit u/s 115JAA

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(Querist)
13 July 2011 Can the assessee have the option of choosing the year for set off of tax credit available un/s 115JAA within the time allowed for carry forward for set off....???

The assessee doesn't want to claim set off of tax credit in the first year, where the nornal income tax computed under the provisions of income tax is more than the tax payable under the provisions of MAT. the Assessee wants defer it and claim it in subsequent years within the period allowed.
Can assessee do so ???
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Ravikant

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Ravikant (Expert)
13 July 2011 The assessee can do so,,
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