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Mat

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06 January 2016 A company has net loss of Rs.251593/- depreciation as per Income Tax is Rs.17440/- Depreciation as per Companies Act is Rs.7108/-
i.e. (251593)+7108-17440=261925 deferred tax on it is Rs.3193/-
My question is whether mat or tax is applicable on 3193/- ??? Because in Assessment order u/s 143(1) demand is raised on 3193/- @18.5 % + education cess.

Please clarify me as soon as possible there is no previous year loss or unobserved depreciation or unusual transaction.
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CA. Divyansh Agarwal

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CA. Divyansh Agarwal (Expert)
06 January 2016 No mat and no income tax applicable DTL is not a tax rather it is method of presentation of accounta
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gbalakrishnan

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gbalakrishnan (Expert)
07 January 2016 you are talking about depreciation under companies Act; under what law Notice under sec 143(1) is raised on rs.3193/-@ 18.3% and education cess is not clear sir. if yr query is clear answers would be clear, sir. tks
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