Mat
This query is : Open
10 June 2015
F.Y.12-13 MAT PAID RS 509006/-
F.Y. 13-14 MAT IS 737301/-
NORMAL TAX 693702/-
CAN I ADJUST MAT CREDIT IN F.Y. 13-14
F.Y. 13-14 MAT IS 737301/-
NORMAL TAX 693702/-
CAN I ADJUST MAT CREDIT IN F.Y. 13-14
11 June 2015
Dear Mukesh rawat,
As per income tax act an assessee( company) is required to pay higher of 1. Normal tax or 2. MAT so in your case MAT is higher so you cann't adjust mat credit in F.Y. 2013-14.
As per income tax act an assessee( company) is required to pay higher of 1. Normal tax or 2. MAT so in your case MAT is higher so you cann't adjust mat credit in F.Y. 2013-14.
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