Please suggest me the following..
A company opting for 22% tax rate for F.Y 19-20. Mat Credit is standing in the BS. How should i writeoff and what will be the implications.
Aditya Bhuwalka (AM) (23 Points)
09 July 2020Please suggest me the following..
A company opting for 22% tax rate for F.Y 19-20. Mat Credit is standing in the BS. How should i writeoff and what will be the implications.
ABHIRAM LAKHE
(28 Points)
Replied 09 July 2020
Vijay Prakash
(155 Points)
Replied 09 July 2020
Aditya Bhuwalka
(AM)
(23 Points)
Replied 10 July 2020
Are you sure?? According to provision of 115BAA i had read that we have to write off mat credit. We cannot utilise and can't shift to old provision again.
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