Enter your MAT credit and two tax figures — see how much each route recovers under the 25% cap and 15-year life, what lapses, and the write-down for your
Enter your MAT credit and two tax figures — see how much each route recovers under the 25% cap and 15-year life, what lapses, and the write-down for your accounts.
v1.1 — first publication 2026-11-04.
AI tools for chartered accountants
by CA Karan Gupta
Enter your MAT credit and two tax figures — see how much each route recovers under the 25% cap and 15-year life, what lapses, and the write-down for your accounts.
Last statutory update: 4 Nov 2026 — v1.1 — first publication 2026-11-04.
Sections 200 and 206 of the Income-tax Act, 2025 as amended by the Finance Act, 2026: MAT 14% of book profit, final; brought-forward credit set off only after the section 200(5)/201(2) option, capped at 25% of the tax payable on total income, not beyond the 15th tax year after it arose. The section 200 option (22% + 10% surcharge + 4% cess = 25.168%) is irrevocable and exercised in the return (Rule 136, Income-tax Rules 2026). The CBDT FAQs read both ways on a switch after 2026-27 (Q.5(iii) against Q.5(vi) and Q.12); the page shows both. Ind AS 12 probability test / ICAI Guidance Note on MAT credit for the write-down.
The workspace opens on tools.cakarangupta.com so site login and browser storage stay isolated. Print and local downloads work in the tool itself.
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