Wednesday, November 27, 2019

When you should opt for Section 115BAA tax regime if you have MAT credit?

The Taxation Laws (Amendment) Bill, 2019 proposes an amendment to Section 115JAA that the MAT credit shall not be applicable to a company opting for Section 115BAA. This article is relevant for the persons finding answers of following two questions; a) Whether MAT Credit would lapse for forever? and b) Whether Section 115BAA should be opted if there is a MAT Credit?

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