Mat & dta
This query is : Resolved
27 October 2017
INCOME AS PER BOOKS 969827
ADD: Deferred Tax Asset 300157
Total income as per IT ACT 1269984
For MAT Calculation should deferred tax asset be reduced from 1269984/-
OR MAT has to be calculated on Rs 969827/-
Is there any effect of deferred tax asset on MAT Calculations?
ADD: Deferred Tax Asset 300157
Total income as per IT ACT 1269984
For MAT Calculation should deferred tax asset be reduced from 1269984/-
OR MAT has to be calculated on Rs 969827/-
Is there any effect of deferred tax asset on MAT Calculations?
27 October 2017
MAT is to be calculated om
Rs.969827 because MAT is calculated on book profit and not on Taxable Profit.
Rs.969827 because MAT is calculated on book profit and not on Taxable Profit.
27 October 2017
There is no effect on MAT due to DTA/DTL because DTA/DTL is created due to difference in Book Profit vs Taxable Profit
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