A company has MAT credit of Rs. 50 cr and unabsorbed losses of Rs. 150 cr In AY 2020-21, company's taxable income before set off of CFL losses is Rs. 100 cr
Question is - can assessee opt to deffer absorption of losses and declare income Rs. 100 cr and set off MAT credit against the corporate tax?
Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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Varma Raja & Associates
Thrissur
CA Inter
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Abic and Mani Chartered Accountants
Kottayam
B.Com
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CCI
Pro
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