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Income Tax - Highlights / Catch Notes

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Eligibility for MAT credit u/s 115JAA - the amount of the MAT ...

Case Laws     Income Tax

January 27, 2021

Eligibility for MAT credit u/s 115JAA - the amount of the MAT tax credit, inclusive of surcharge and education cess etc., if any, should be reduced from the amount of tax determined on the total income after adding surcharge and education cess, etc., and only the resultant amount payable will suffer interest under the relevant provisions of the Act. - AT

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