{"id":13196,"date":"2020-10-19T09:20:37","date_gmt":"2020-10-19T09:20:37","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vishwas\/paying-tax-on-reduction-in-mat-credit-due-to-disputed-tax\/"},"modified":"2020-10-19T09:20:37","modified_gmt":"2020-10-19T09:20:37","slug":"paying-tax-on-reduction-in-mat-credit-due-to-disputed-tax","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/paying-tax-on-reduction-in-mat-credit-due-to-disputed-tax\/","title":{"rendered":"Paying tax on reduction in MAT Credit due to disputed tax"},"content":{"rendered":"<p>Dear Sir,<br \/>\nAY 2014-15 Returned Income<br \/>\n           Normal Tax  NIL<br \/>\n           MAT Tax     100<br \/>\nReturned MAT Credit 100<br \/>\n           Assessed Income<br \/>\n           Normal Tax  20<br \/>\n           MAT Tax     100<br \/>\nAsssesed MAT Credit 80<\/p>\n<p>Question 1: Can I pay 20 and carry forward Rs.100?<\/p>\n<p>AY 2015-16  Returned Income<br \/>\n            Normal Tax 60<br \/>\n            MAT Tax    20<br \/>\nUtilized MAT Credit 40 out of 100 and paid 20 Remaining Credit of AY14-15 60 (100-40)<br \/>\n            Assessed Income<br \/>\n            Normal Tax 80<br \/>\n            MAT Tax    20<br \/>\nUtilized MAT Credit 60 out of 100 and paid 20 Remaining Credit Rs. 20 (80-60)   <\/p>\n<p>Question 2. if question 1 is yes, Can I pay differential tax of 20 and carry forward is Rs. 60?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dear Sir, AY 2014-15 Returned Income Normal Tax NIL MAT Tax 100 Returned MAT Credit 100 Assessed Income Normal Tax 20 MAT Tax 100 Asssesed MAT Credit 80 Question 1: Can I pay 20 and carry forward Rs.100? AY 2015-16 Returned Income Normal Tax 60 MAT Tax 20 Utilized MAT Credit 40 out of 100 and paid 20 Remaining Credit of AY14-15 60 (100-40) Assessed Income Normal Tax 80 MAT Tax 20 Utilized MAT Credit 60 out of 100 and paid 20 Remaining Credit Rs. 20 (80-60) Question 2. if question 1 is yes, Can I pay differential tax of 20 and carry forward is Rs. 60?<\/p>\n<p><a href=\"https:\/\/itatonline.org\/digest\/vishwas\/paying-tax-on-reduction-in-mat-credit-due-to-disputed-tax\/\">read more<\/a><\/p>","protected":false},"comment_status":"open","ping_status":"closed","template":"","tags":[],"expertname":[],"class_list":["post-13196","vishwas","type-vishwas","status-publish","hentry"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas\/13196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/vishwas"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=13196"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13196"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13196"},{"taxonomy":"expertname","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/expertname?post=13196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}