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Deferred tax

This query is : Resolved 

12 June 2012 Please let me know below calculation is correct or not?

Depreciation as per IT : 24,565,093
Depreciation as per Co.:15,873,278

Then :
Deferred tax = 24,565,093 - 15,873,278
= 8691815 * 30% + Cess 3%
= 26 85 771

Tax as per MAT : 3,243,523
Tax at normal rate : 2,444,208

Then :
MAT Credit Entitlement=3,243,523-2,444,208
= 799,315
Is SC & Cess will be added to MAT?

12 June 2012 yes you need to add SC & Scess for MAT



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