Based on the information provided in Question 1: (c) Compute the amount of eligible MAT Credit u/s 115JAA of the Income Tax Act, 1961 to be carried forward by the company. Also explain the time limit for carry forward of

Computation of MAT Credit to be carry Forward Particulars Amount (₹) MAT liability for A.Y. 2025-26 (rounded off) 2,25,38,880 Less: Income-tax computed as per the normal provisions of the Act for A.Y. 2025-26 (1,75,00,000) Since the income-tax liability computed as per the regular provisions of the Income-tax Act, 1961 is less than the MAT payable, the book profit of 12,90,00,000 would be deemed to be the total income and tax is leviable @ 15%: The total tax liability (rounded off) is ₹2,25,38,880. Carry forward of MAT Credit 50,38,880 This MAT Credit is allowed to be carry forward for 15 Assessment years succeeding the assessment year in which credit became allowable.