Minimum alternate tax reduced to 14% and MAT credit set-off restricted, with fifteen-year carryforward limits. The amendment reduces the MAT rate in the old regime to 14% and treats MAT as final tax; for domestic companies in the new regime carried-forward MAT credit as on 31 March 2026 may be set off only up to 25% of tax payable on total income with unused credit carried forward, subject to a fifteen-year expiry and adjustments following any order altering tax payable; corresponding carry-forward and set-off conditions for foreign companies are restricted to the excess of tax on total income over MAT, with the same expiry and conversion-to-LLP exclusions.
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Provisions expressly mentioned in the judgment/order text.
Minimum alternate tax reduced to 14% and MAT credit set-off restricted, with fifteen-year carryforward limits.
The amendment reduces the MAT rate in the old regime to 14% and treats MAT as final tax; for domestic companies in the new regime carried-forward MAT credit as on 31 March 2026 may be set off only up to 25% of tax payable on total income with unused credit carried forward, subject to a fifteen-year expiry and adjustments following any order altering tax payable; corresponding carry-forward and set-off conditions for foreign companies are restricted to the excess of tax on total income over MAT, with the same expiry and conversion-to-LLP exclusions.
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