Mat credit

Deepak Tapse (Accounts Manager - Taxation) (1771 Points)

14 November 2013

Whether MAT Credit Setoff is available 100% i.e (18.50 + SC + EC) or only Basic Tax i.e. 18.50%

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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%

HARDIK THAKKAR (FINAL CA STUDENT) (132 Points)
Replied 14 November 2013

SETT OFF ONLY AGAINST 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%)

arvinder singh (Accountant) (33 Points)
Replied 14 November 2013

Set off 18.5% only.

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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