https://www.taxtmi.com/acts?id=53166 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. en-us Sun, 01 Feb 2026 15:20:07 +0530 Sun, 01 Feb 2026 15:20:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53166 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. Act-Rules Bills Sun, 01 Feb 2026 15:20:07 +0530 https://www.taxtmi.com/acts?id=53166