Mat & dta

This query is : Resolved

divya (Querist)
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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?

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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27 October 2017 MAT is to be calculated om
Rs.969827 because MAT is calculated on book profit and not on Taxable Profit.

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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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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