MAT query

Mayur Patil (Article) (1276 Points)

03 February 2019  
Tax payable of ABC ltd as per taxable income is 30L (which includes tax of business 15L + LTCG 10L + tax on dividend sec 115BBDA 5L).

Tax payable as per MAT is 40L.

What will be MAT credit available?
10L(40L - 30L) or 25L(40L - 15L)?