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DEFERRED TAX

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(Querist)
29 June 2010 WHAT IS THE TREATMENT OF MAT IN DEFERRED TAX ?
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jegannath G

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jegannath G (Expert)
29 June 2010 MAT Credit is the tax paid in advance which will get adjusted in the subsquent years taxable profit. based on the prudence of getting the taxable profit , one can create Defered tax assets in the books to the extent of the reversing in the next year
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