Question
A company’s normal tax liability is ₹50 lakh, but
MAT under Sec 115JB is ₹58 lakh. If MAT credit is allowed, how much can be carried forward, and for how many years as per current law?Solution
• MAT credit = MAT paid – Normal tax = ₹58L – ₹50L = ₹8L. • Current rule: Carry forward up to 15 years.
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