hii,
how do you define NORMAL TAX payable in case of MAT??
can tax on capital gain be adjusted against MAT Credit??
Thanx.
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 18 September 2013
Yes, definately.....it can be paid thru utilsing MAT credit....because MAT credit is utilised to pay Income Tax figure which squarely cover capital gain tax ..
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