14 March 2011
Freinds: Whether Education Cess & Secoondary Edc Cess on MAT paid can be claimed as set off in the next year while taking a set off of MAT paid (MAT Credit Set off us/. 115JAA) in earlier yrs.
For Eg : Tax Payable u/s. 115JB : Rs.701904/- Credit alld. to be set off : Rs.103117/- Net Payable : Rs.598787/-
Now whether EC & SHEC should be paid on Rs. 701904/- or Rs. 598787/- bcoz EC & SHEC has already been paid on Rs. 103117/- Pls. note that all other conditions are complied with
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