Minimum alternate tax

Devendra (Chartered Accountant) (4775 Points)

20 September 2016  

Hello Members,

M/s XYZ Ltd. is paying tax as per the MAT provisions. While calculating MAT, interest u/s 234B and C is levied. Whether the interest on MAT u/s 234B and C is to be included in the MAT Credit. If no, then what shall be the accounting treatment for interest paid on MAT u/s 234B and C.

Please guide.


Thank you