MAT Credit u/s 115JAA Includes Surcharge and Cess as Income Tax Per CBDT Circular No. 3 of 2018.

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....MAT credit computation u/s 115JAA - Inclusion of surcharge and cess - term "income tax" as employed in Section 2 of the Finance Act, which includes surcharge as also the special and the additional surcharge whenever provided - even CBDT Circular No.3 of 2018 dated 11.7.2018 also show understanding of the Board was that tax includes applicable surcharge and cess....