AS-22
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 February 2011
HI,
If a company pays MAT, in such case whether can carry forward such MAT amount?If so is there any condition for carrying forward?
If a company pays MAT, in such case whether can carry forward such MAT amount?If so is there any condition for carrying forward?
14 February 2011
Yes Company can carry forward MAT credit upto a period of 10 years
14 February 2011
Yes company can carry forward the MAT amount, if it is probable that compnay will earn profit in coming years.
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