CA Inter doubt
Brought forward credit cannot be set off against income u/s 115bac in amt Please explain
Asked by Jitisha18 Jul 2024497 views
3 answers
HARSH · 18 Jul 2024
Yeah your credit is dead than . You can't claim it .
Jitisha · 18 Jul 2024
So does my credit goes to the govt ?
Tanvi · 18 Jul 2024
Because under default scheme that is 115BAC AMT is not available... As AMT is not available it's brought forward credit also cannot can't be claimed or set off
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