Mat 115 jb
AJAY (NO) (81 Points)
22 June 2014
we can use mat credit against normal tax liabilities.. (up to 10 years ) but ,
can we use mat ctredit to pay mat for the next year ?
JAINENDRA JAIN
(ACS/CA)
(1668 Points)
Replied 22 June 2014
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 22 June 2014
Pooja
(Final CA)
(502 Points)
Replied 23 June 2014
MAT credit can be used when tax is paid as per normal tax only, when tax is payable as per MAT, MAT credit arises.
AJAY
(NO)
(81 Points)
Replied 23 June 2014
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
