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Querist : Anonymous

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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?
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Kumar Babu.G

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Kumar Babu.G (Expert)
14 February 2011 Yes Company can carry forward MAT credit upto a period of 10 years
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
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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