MAT Credit Utilisation
This query is : Resolved
17 July 2010
Is there a pre condition that MAT Credit can be utilised only in that year in which "MAT" is more than "Tax Payable under normal provisions"?
Please Confirm
Please Confirm
19 July 2010
No the reverse is correct means in the year in which normal Income Tax payable is more than tax calculated under MAT.
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