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Difference between MAT & DTA


Hareesh (Job)     02 June 2020

Hareesh
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What is the difference between MAT & DTA?

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Vishesh Surana   02 June 2020

Vishesh Surana

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Mat =domestic
dta= international

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Hareesh (Job)     02 June 2020

Hareesh
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Can you please elaborate this?

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Vishesh Surana   03 June 2020

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MAT refers to Minimum Alternate Tax and is 18.5% to be applied on corporates
while DTA refers to double tax avoidance , i.e Relief so that the income is not taxed in both countries

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Hareesh (Job)     03 June 2020

Hareesh
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DTA in question refers to Deferred tax asset.

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Vishesh Surana   03 June 2020

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DTA occurs due to timing difference which is basically not recognized in accounts owing to conservative principle

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Hareesh (Job)     03 June 2020

Hareesh
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Thank you

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Vishesh Surana   03 June 2020

Vishesh Surana

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Most welcome


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