hii,
how do you define NORMAL TAX payable in case of MAT??
can tax on capital gain be adjusted against MAT Credit??
Thanx.
hii,
how do you define NORMAL TAX payable in case of MAT??
can tax on capital gain be adjusted against MAT Credit??
Thanx.
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 ..
CAclubindia
