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Credit for MAT

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Still Learning
64 Points Posted on 08 November 2007

Can some tell me for how many year we can take Credit for MAT and what are others pros & cons?????

 

ALSO HAPPY DIWALI TO ALL

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On 08 November 2007 at 16:45 Report
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ACA
618 Points Posted on 08 November 2007
MAT credit adjustment period has been increased from 2 to 7 years during last year's union finance budget. Kindly refer Sec. 115JAA (3A).
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On 08 November 2007 at 20:46
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COACHING
11717 Points Posted on 08 November 2007
Refer Sec. 115 JAA (3A).
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On 08 November 2007 at 21:55
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Still Learning
64 Points Posted on 09 November 2007
Thanks a lott Mr. Sathish Karunakaran & Mr.KAPIL G. THAKORE Have a nice and enjoyble Diwali
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On 09 November 2007 at 09:54
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SERVICE
25 Points Posted on 09 November 2007
PLS LET US KNOW IF MAT EXCESS DEPOSITED SO WE CAN ADJUST IN NEXT YEAR MAT LIABILITIES
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On 09 November 2007 at 11:38
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Chartered Accountant
152 Points Posted on 09 November 2007
Mat Credit shall not be allowed beyond the seventh assessment year immediately succeeding the assessment year in which tax credit becomes allowable under sub-section (1A) of Section 115JAA
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On 09 November 2007 at 12:26


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