Mat adjustment

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.

Replies (1)
Credit can be set off up to 10th AY from the relevant year

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