https://www.taxtmi.com/article/detailed?id=15624 Companies can have nil tax under normal provisions due to exemptions and deductions while remaining liable to MAT because MAT is computed on book profit from financial statements. MAT is charged with surcharge and health and education cess; excess MAT over normal tax generates a MAT credit that can be carried forward and set off against future normal tax. Book profit computation and adjustments are technical and may require professional review. en-us Thu, 18 Dec 2025 08:02:46 +0530 Thu, 18 Dec 2025 08:02:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15624 Companies can have nil tax under normal provisions due to exemptions and deductions while remaining liable to MAT because MAT is computed on book profit from financial statements. MAT is charged with surcharge and health and education cess; excess MAT over normal tax generates a MAT credit that can be carried forward and set off against future normal tax. Book profit computation and adjustments are technical and may require professional review. Articles Income Tax Thu, 18 Dec 2025 08:02:46 +0530 https://www.taxtmi.com/article/detailed?id=15624