alleryStart learning →Can central tax credit be used to pay State tax or Union territory tax?
ANo, it cannot be used
BYes, in all cases
CYes, up to half only
DYes, after one month
Answer & Solution
Correct answer: A. No, it cannot be used
Section 49(5)(e) states that central tax credit shall not be utilised towards payment of State tax or Union territory tax.
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