If company book is loss, Mat wil be Applicable or Not.
2 Replies
pavan jerald dsouza
(student)
(53 Points)
Replied 22 January 2014
The amount
of tax paid under section 115JB is allowed to
be carried forward and set off against tax
payable upto the tenth assessment year
immediately succeeding the assessment year
in which tax credit becomes allowable under
the provisions of section 115JAA
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