19 April 2014
Carried forward is allowed for 5 assessment years after the end of the assessment year . In this case carried forward is allowed up to the assessment year 2019-20
at present MAT payable u/s 115JB. you can carry forward the MAT amount for 10 years. not the 5 year. MAT u/s 115JA was applicable up to Assessment year 2000-01.
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