Mat adjustment

niloy sanyal (account manager) (777 Points)

08 July 2016  

We are take over partnership firm to Pvt. Ltd. Co. for the F.Y. 2012-13. please note that when we submitting IT return(F.Y. 12-13) for our new Pvt. Ltd. Co.   MAT  has been come Rs. 252500.00. After 2014,2015, & 2016 past  we are adjusted Rs. 101500.00 only.

Please clarify that HOW MANY YEAR LIMITATION PERIOD FOR MAT ADJUSTMENT and if the limit period is cross then what we do.