KAILASH A. DANGADE (ACCOUNTS & FINANCE MANAGER) (121 Points)
18 August 2009I am working in Public Limited IT Company. we have Registred under STPI Unit, takeing Income Tax Banifit u/s 10A.
We can carry MAT , does it means that when we will start paying full Income Tax after STPI is over, we will deduct all MAT paid and only pay the balance Income tax
G Anandhi
(CA Firm)
(130 Points)
Replied 18 August 2009
Yes, subject to the time limit for carry forward of MAT credit.
CAclubindia
