alleryStart learning →Is interest payable on the MAT credit allowed under section 115JAA?
AYes, at 6 per cent
BYes, at 12 per cent
CYes, after one year
DNo interest is payable
Answer & Solution
Correct answer: D. No interest is payable
The proviso to section 115JAA(2-A) bars any interest on the tax credit allowed.
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