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Deffered tax Vs MAT
Hi, I am eSwar. I have small confusion. Please clarify. What is the relationship between deffered tax and Minimum Alternate Tax.
How to calculate MAT and Deffered Tax in case of Comapany in loss and in case of Profit.
Replies (3)
DT IS A BOOK ENTRY FOR THE DIFFERENCE BETWEEN INCOMETAX AS PER BOOK AND AS PER INCOME TAX ACT ON ACCOUNT OF TIMING DIFFERENCE. MAT IS THE TAXATION CONCEPT FOR THE ZERO TAX COMPANIES.
Dear Eswar,
There is no link in Deferred Tax & MAT..
Deferred Tax is an accounting concept whereas MAT is a Taxation Concept...Both have their different reasons to exist.
At the time of calculation of MAT u/s. 115JB Deferred tax asset/liability has to be Reduced/Added from/to the Book Profit
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