115JAA Credit of Surchage & Edu.Cess

[OMPRAKASH PRABHU]

Whether assesses are eligible to avail credit of surcharge and education cess (U/s 115JAA) paid on Minimum Alternate Tax ? If not eligible to get credit of surcharge and education cess why ?

[DR.MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.

AI Summary

Eligibility of Assessees to Claim Credit for Surcharge and Education Cess on MAT under Section 115JAA Discussed A query was raised regarding the eligibility of assessees to avail credit for surcharge and education cess paid on Minimum Alternate Tax under Section 115JAA of the Income Tax Act. The discussion sought clarification on whether such credits are permissible and, if not, the reasons for ineligibility. A response was provided asking if the issue had been clarified, inviting further communication if clarification was still needed.