A company has MAT credit of Rs. 50 cr and unabsorbed losses of Rs. 150 cr In AY 2020-21, company's taxable income before set off of CFL losses is Rs. 100 cr
Question is - can assessee opt to deffer absorption of losses and declare income Rs. 100 cr and set off MAT credit against the corporate tax?
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
M N Rao & Associates LLP
Vijayawada
CA Inter
View Details
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
