Calculation of mat 115jb

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Sukesh

Sukesh (Querist)
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22 March 2012 Is there any treatment of Deferred tax while calculating MAT??

CA VENKATA RAMANA

CA VENKATA RAMANA (Expert)
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22 March 2012 Book Profit” means the net profit as shown in the profit and loss account, as increased by –

a. the amount of income-tax paid or payable, and the provision therefore; or
b. the amounts carried to any reserves, by whatever name called other than a reserve specified under section 33AC; or
c. the amount or amounts set aside to provisions made for meeting liabilities, other than ascertained liabilities; or
d. the amount by way of provision for losses of subsidiary companies; or
e. the amount or amounts of dividends paid or proposed; or
f. the amount or amounts of expenditure relatable to any income to which section 10 [other than the provisions contained in section 10(38) or section 10A or section 10B or section 11 or section 12 apply;
g. the amount of depreciation;
h. the amount of deferred tax and provision therefore
i. the amount or amounts set aside as provision for diminution in the value of any asset

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