Set off of MAT credit - before or after setting off the Tax ...

Income Tax

September 14, 2018

Set off of MAT credit - before or after setting off the Tax Deducted at Source and Advance Tax paid - credit under Section 115JAA should be given effect to before charging of interest under Sections 234A, 234B, 234C of the Act.

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Set off of MAT credit - before or after setting off the Tax ...

Income Tax

September 14, 2018

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MAT Credit admissible in terms of Section 115JAA has to be set off against the tax payable (assessed tax) before calculating interest under Sections 234A, 234B and 234C

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