MAT credit...

The provisions of MAT are applicable to a corporate taxpayer only.

The provisions relating to AMT are applicable to non-corporate taxpayers in a modified pattern in the form of Alternate Minimum Tax, i.e., AMT. Thus, it can be said that MAT applies to companies and AMT applies to a person other than a company.

For details refer::

https://tax2win.in/guide/minimum-alternative-tax

&/or

https://www.coverfox.com/personal-finance/tax/minimum-alternate-tax-mat/

https://www.caclubindia.com/forum/mat-journal-entries-175330.asp

https://www.cagmc.com/minimum-alternate-tax-mat-credit-concepts-and-accounting/

https://cleartax.in/s/tax-planning-under-mat