{"id":37576,"date":"2023-09-19T17:40:06","date_gmt":"2023-09-19T12:10:06","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=37576"},"modified":"2023-10-16T08:32:02","modified_gmt":"2023-10-16T03:02:02","slug":"__trashed-2","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/__trashed-2\/","title":{"rendered":"MAT Credit and Addition u\/s 68"},"content":{"rendered":"<p>Assessing Officer has made addition u\/s 68 to the tune of Rs. 20 Lakhs under the head Income from Other sources to be taxed u\/s 115BBE @60%.<\/p>\n<p>Assessee has PGBP Income to the tune of Rs. 2,30,989\/-.<\/p>\n<p>Assessee has MAT Credit Available to the tune of Rs. 10,13,277\/- and Total prepaid taxes paid to the tune of Rs. 11,76,212\/-.<\/p>\n<p>Now while making the computation Sheet of Assessment Order, AO give the credit of Rs. 68997\/- only and did not give the credit of Excess MAT Credit available to the tune of Rs. 944280\/-.<\/p>\n<p>Rectification has been filed and no order has been passed till date.<\/p>\n<p>Kindly Clarify is the assessee entitled for the Excess MAT Credit\u00a0 u\/s 15JAA to the tune of RS. 9,44,280\/<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[147,1049],"class_list":["post-37576","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-cash-credits","qa_tag-mat-credit"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/37576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=37576"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=37576"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=37576"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=37576"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=37576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}