Sam (P) Ltd has MAT credit of ₹10.50 lakhs belonging to the assessment year 2015-16. What is the maximum time limit up to which the MAT credit can be carried forward by Sam (P) Ltd ?
CS Executive · Tax Laws · PYQS · June 2021
Sam (P) Ltd has MAT credit of ₹10.50 lakhs belonging to the assessment year 2015-16. What is the maximum time limit up to which the MAT credit can be carried forward by Sam (P) Ltd ?
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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