Mat & deffered tax
This query is : Resolved
30 July 2011
i WANT TO KNOW tHAT WHAT IS mAT & dEFFERED TAX & HOW IT IS CALCULATED
i WANT TO KNOW ABOUNT DEPRECIATION RATES ACCORDING TO cOMPANY ACTS
i WANT TO KNOW ABOUNT DEPRECIATION RATES ACCORDING TO cOMPANY ACTS
30 July 2011
Deferred tax is the calculation of tax difference between IT profit and actual profit. MAT is the calculation of Income tax calculation where the situation arise the loss as per books but profit as per book profit under the Income tax act
Depreciation rates specified by the companies act is minimum rates prescribed by the act. so what ever you are providing depreciation should not be less then that
Depreciation rates provided in the Income tax act is the maximum permissible rate so depreciation claim should not be more than that
Depreciation rates specified by the companies act is minimum rates prescribed by the act. so what ever you are providing depreciation should not be less then that
Depreciation rates provided in the Income tax act is the maximum permissible rate so depreciation claim should not be more than that
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