Minimum alternate tax (MAT) credit is allowed inclusive of surcharge & education cess

By | August 21, 2018
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(Last Updated On: August 21, 2018)

Minimum alternate tax (MAT) credit

The Delhi Bench of the Income-tax Appellate Tribunal held that the minimum alternate tax (MAT) credit is allowed inclusive of surcharge and education “cess” (the surcharge levy imposed for various governmental functions including education). The amount of tax includes both components of tax and surcharge.

The case is: Consolidated Securities Ltd. Read an August 2018 report [PDF 724 KB] of KPMG

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