MAT - Tax Credit - Section 115JAA

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..... set-off up to 15 Assessment Years. MAT credit available = Tax paid under section 115JB Tax payable under the normal provisions of the Act. MAT credit shall be allowed in the assessment year in which = .....

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..... will be reduced by : Foreign Tax Credit allowed against MAT - FTC allowed against Normal Tax. Note: Company to which MAT applies shall be liable to pay Advance Tax, Interest u/s 234A / B / C . MAT is .....

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