https://www.taxtmi.com/forum/issue?id=106614 MAT credit entitlement is recognised as an asset (often under loans and advances) and shown on the P&L as a negative provision under the caption MAT credit entitlement. When current year normal tax liability exceeds current year MAT, the excess may be set off against carried forward MAT credit to the extent of the available balance, reducing the carried forward entitlement and leaving any remaining normal tax payable. en-us Fri, 14 Mar 2014 09:45:49 +0530 Thu, 23 Jan 2025 15:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106614 MAT credit entitlement is recognised as an asset (often under loans and advances) and shown on the P&L as a negative provision under the caption MAT credit entitlement. When current year normal tax liability exceeds current year MAT, the excess may be set off against carried forward MAT credit to the extent of the available balance, reducing the carried forward entitlement and leaving any remaining normal tax payable. Discussion-Forum Income Tax Fri, 14 Mar 2014 09:45:49 +0530 https://www.taxtmi.com/forum/issue?id=106614