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set-off of credit of MAT paid u/s 115JB

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 October 2010 ABC ltd paid MAT u/s 115JB in the A.Y. 2008-09.

Whether it is entitled to set-off of the MAT credit in respect of A.Y.2008-09 within a period of 7 A.Y.s or 10 A.Y.s
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CA Ketan Jain

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CA Ketan Jain (Expert)
31 October 2010 Company is entitled only for 7 AY to carried forward and set off MAT paid for the AY 08-09

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