Whether MAT Credit Setoff is available 100% i.e (18.50 + SC + EC) or only Basic Tax i.e. 18.50%
6 Replies
Shruthi
(Article Assistent)
(336 Points)
Replied 14 November 2013
MAT Credit Set off is available for only 18.5%
No credit can be taken on cess(SC & EC).
CA. Kunal Lakhotia
(ACA)
(1006 Points)
Replied 14 November 2013
i think it for the entire amount rather than only 18.5%
BRIJESH KHANNA
(FINAL)
(302 Points)
Replied 14 November 2013
Tax Credit for MAT is available 100%i.e. (18.5%+SHEC+EC=19.055%)
nitesh vaish
(Professional)
(32 Points)
Replied 15 November 2013
can any one be sure qnd suggest with respect to what government allows.
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