Urgent answer need,
Whether I need to consider the following two items while computing MAT credit
Surcharge
Cess
Pls give the reference also
Sandeep Garg
(Consolidation and IndAS Application)
(1056 Points)
Replied 17 March 2016
Yes MAT credit is generated includin Surcharge as well as cess in the normal tax and MAT.
Thanks
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 17 March 2016
Yes, agree with Mr. Sandeep, both Surcharge and EC is applicble on MAT
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