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About MAT Credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 August 2010 I want to know that what is the procedures we should follow for caculating MAT credit Amount..........please Explain it
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
03 August 2010 MAT Credit = MAT payable on book profit as per Section 115JB - Income tax payable on income computed as per normal provisions of Income tax Act.

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