Interest on MAT

This query is : Resolved 

18 September 2010 Whether interest is applicable on MAT?

18 September 2010 Interest under section 234B and 234C are applicable.
Citation :- Madras Pharmaceuticals (P) Ltd Vs. Dy.CIT (2008) 24 SOT 180(Mum-Tri)

19 September 2010 Yes interest under sec 234 C and 234 B are attracred and you can not use MAT credit against interest payable on MAT.


19 September 2010 YES IT IS APPLICABLE

20 September 2010 Yes Interest on MAT is applicable.



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