Saturday, September 1, 2018

MAT credit was available from tax computed after adding surcharge & cess if credit was inclusive of surcharge & cess

IT: Amount of MAT tax credit available from earlier year, inclusive of surcharge and education cess etc., should be reduced from amount of tax determined on total income of current year after adding surcharge and education cess, etc

from www.taxmann.com Latest Case Laws https://ift.tt/2LNRyQm

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...