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MAT entitlement

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(Querist)
28 September 2017 Company X paid Minimum alternate tax in current year. And normal income tax liability may not arise in the specified period, i.e during next 7 years. Q. 1. How to treat the abovementioned MAT paid.?
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
28 September 2017 Shor it as 'MAT Credit Receivable' under asset

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