Will a amalgamated company be entitled to take MAT credit where tax has been paid by amalgamating Company,and if so,reasons?
Menu
MAT Credit in case of Amalgamation?
Replies (3)
currently u/s 115JAA mat credit is available for 7 assessment years but the section does not say anything whether the amalgamted company shall be entitled to take mat credit or not. hence there remains ambiguity regarding this issue.
Agree with Sudipto Sinha
MAT Credit can be carried forward for balance period by amalgameted co.
Recent Topic
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
Related Topics
CAclubindia
