In case of change in shareholding of more than 51% of a company , the Company cannot carry forwad loss u/s 79 of the Income Tax Act, 1961, however can the company carry forward MAT Credit after such change in shareholding?
Menu
Carry forward of MAT Credit in case change in shareholding.
Replies (2)
credit of loss and MAT credit both are different things and you can not compare them
I think both sec 79 and MAT provisions are independent of each other........MAT credit can be c/f....
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
