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AMT - Tax Credit

Income Tax - Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT) - 11 - TAX CREDIT FOR AMT AMT paid in excess of the regular income tax computed under the normal provisions will be available as credit against future tax liability. The AMT credit will be allowed to be carried forward and set-off for a period of ten years succeeding the year in which such credit becomes available. Credit is allowed in the year in which regular tax is more than AMT. The credit allowed to be set-off will be .....

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