Can we Set off MAT liability out of TDS in the following Example or have to pay MAT in cash?
Book Profit - 6000
Tax Profit - 5000
TDS - 10000
CA. MUKESH KUMAR (CHARTERED ACCOUNTANT) (183 Points)
29 November 2010Can we Set off MAT liability out of TDS in the following Example or have to pay MAT in cash?
Book Profit - 6000
Tax Profit - 5000
TDS - 10000
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 29 November 2010
Set off MAT liability out of TDS
Tax payable Nil
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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