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MAT and Long term capital gain

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(Querist)
15 January 2020 If the MAT is paid during this financial year,whether this MAT could be adjust towards the future tax liabilities of the company? If so , far how many years?
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swasti

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swasti (Expert)
16 January 2020 Such tax credit shall be carried forward for 15 Assessment Years immediately succeeding the assessment year in which such credit has become allowable and can be adjusted against any normal tax liability arising.
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