MAT

This query is : Resolved 

20 May 2010 Tax as per IT Provisions - Rs.10,000
Tax as per IT Prov (after surcharge & cess) - Rs.10,300


Tax as per MAT - Rs.25,000

Tax as per MAT (after surcharge & cess) - Rs.25,750

What amount will be carried forward as MAT Credit ?

21 May 2010 MAT credit = 25750-10300=15450



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