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?
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
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Hema Yashwanth & Associates
Chennai
B.Com
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MANUJ SHARMA AND COMPANY
Noida
CA Inter
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CCI
Pro
CAclubindia
