Answer-Section 115JAA allows which of the following?

If a company has paid Minimum Alternate Tax MAT under Section 115JB in a year, but regular tax is higher in a future year, then MAT credit under Section 115JAA can be set off.

Question

Section 115JAA allows which of the following?

A Deduction of interest paid on capital borrowed

B Carry forward of MAT credit

C Capital gain exemption on urban land

D Deduction for donations to political parties

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Section 115JAA allows which of the following?

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