Calculation of MAT u/s115JB
This query is : Resolved
20 September 2008
In calculations of MAT Net profit means whether PAT or PBT?
Further Income tax,Deferred tax and FBT provisions are deducted from net profit is it correct? If Yes, then what will be the adjustment in case of deferreed tax assets?
Further Income tax,Deferred tax and FBT provisions are deducted from net profit is it correct? If Yes, then what will be the adjustment in case of deferreed tax assets?
20 September 2008
For the calculation of book profit for MAT, profit means PAT . Income Tax paid/ provisions , Deferred Tax and FBT provisions are added back in PAT .
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