sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 21 February 2017
tax will be lower of 30% or 18.5% in this case it is 18.5% on 10 lacs you can claim MAT Credit of 150000 on the MAT COMPUTED THIS YEAR
tirth
(CA)
(72 Points)
Replied 21 February 2017
IT'S NOT MAT IT'S AMT(FOR OTHER THAN COMPANY),AND ALSO THIS YEAR I HAVE NOT CLAIMED ANY DEDUCTIONS SO IS AMT IS APPLICABLE??CAN I TAKE CREDIT OF AMT??IF YES THAN HOW MUCH??
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 21 February 2017
sorry i worded mat instead of amt credit can be carried forward for 10 years so you claim the credit
CAclubindia
