TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Section 115JAA extends carry-forward period for tax credits from 7 to 10 years for companies.</h1> Section 115JAA of the Income-tax Act is amended to extend the carry-forward period for tax credits on deemed income for certain companies. Previously, tax credits could be carried forward up to the seventh assessment year following the year they became allowable. The amendment changes this period to the tenth assessment year. This change is effective from April 1, 2010, and applies to the assessment year 2010-11 and subsequent years, allowing companies a longer period to utilize their tax credits.
TaxTMI 
TaxTMI 
