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As per section 115JAA (3A) of the Act, Mat credit may be carried forward for 15 years from end of financial year in which same becomes due. Provision for MAT credit for assessee, falling under section 115JB of the Act, was brought on statute book 5 years after introduction of section 115JB of the Act, which is from FY 2005-06.As per section 115JAA (3A) of the Act, Mat credit may be carried forward for 15 years from end of financial year in which same becomes due. Provision for MAT credit for assessee, falling under section 115JB of the Act, was brought on statute book 5 years after introduction of section 115JB of the Act, which is from FY 2005-06.taxmann.com Latest ArticlesRead More