Dear Team,
Wanted to check on if the company wanted to utilize the tax holiday period for 3 years, does it have to pay Minimum alternate tax (MAT) during that period and will it be credited as MAT credit or does start up get exempted from MAT .
Hello @Vivek_Narang,
Apologies for delay in responding.
Yes, the company will be liable to pay MAT during the 3-year tax holiday period and it will be considered as MAT credit, the benefit of which is available for 15 years.
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