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.
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.
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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
