alleryStart learning →How is the 115JAA credit for MAT worked out?
AMAT paid minus normal tax payable
BNormal tax minus MAT paid
CBook profit minus total income
DTotal income minus book profit
Answer & Solution
Correct answer: A. MAT paid minus normal tax payable
The credit is the difference between tax paid under section 115JB and tax payable on total income under the normal provisions.
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