MAT credit in respect of excess taxes paid under section 115JB can be carried forward for

CS Executive · Tax Laws and Practice · PYQS · June 2015
MAT credit in respect of excess taxes paid under section 115JB can be carried forward for
(A) 7 Assessment years
(B) 10 Financial years
(C) 10 Assessment years
(D) 7 Financial years.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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