TMI BlogTax credit for tax paid on book profit.X X X X Extracts X X X X X X X X Extracts X X X X ..... ss of tax on book profit over the normal income-tax. (3) No interest shall be payable on tax credit allowed under sub-section (1). (4) The amount of tax credit determined under sub-section (2) shall be carried forward and allowed in accordance with the provisions of sub-sections (5) and (6) but such carry forward shall not be allowed beyond the fifteenth financial year immediately succeeding the f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... apply to the successor limited liability partnership. (8) In this section, the expressions "private company" and "unlisted public company" shall have the meaning respectively assigned to them in the Limited Liability Partnership Act, 2008. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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