MAT credit can be carried forward for a period of following number of assessment years:

CS Executive · Tax Laws and Practice · PYQS · June 2018
MAT credit can be carried forward for a period of following number of assessment years:
(A) 5
(B) 8
(C) 10
(D) No time limit
(E) 15

Answer & Explanation:

Correct Answer: Option (E)

Official corrected answer: (E) 15. The official solution adds this fifth choice as an erratum to the printed question.

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic