We are take over partnership firm to Pvt. Ltd. Co. for the F.Y. 2012-13. please note that when we submitting IT return(F.Y. 12-13) for our new Pvt. Ltd. Co. MAT has been come Rs. 252500.00. After 2014,2015, & 2016 past we are adjusted Rs. 101500.00 only.
Please clarify that HOW MANY YEAR LIMITATION PERIOD FOR MAT ADJUSTMENT and if the limit period is cross then what we do.
KK & Company Chartered Accountant
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CAclubindia
