MAT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2010 Dear Frineds, I just want to know wheter MAT can be adjusted with TDS amount, bcz we have TDS of around Rs. 4.69 lacs & MAT amount on profit comes around 1.38 lacs, so whether we can adjust 1.38 lacs with 4.69 lacs.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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18 August 2010 Yes MAT can be considered as tax paid for the purpose of payment of MAT.

So in your case there would be refund of 4.69 - 1.38 lacs = 3.39 lacs.

So it can be adjusted.

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