DTA/DTL FOR MAT COMPANIES

N.Sivaraj (Manager _ F&A) (93 Points)

12 January 2010  

IN CASE OF COMPANIES PAYING MAT DUE TO TAX HOLIDAY  DTA OR DTL NEEDS TO BE CREATED OR NOT. DTA OR DTL IS BASED ON CORPORATE TAX  RATE. EVEN WHEN WE PAY MAT FOR THE DIFFERENCE OF DEP RATE BETWEEN COMPANIES ACT AND IT ACT DTA OR DTL IS TO BE CREATED OR NOT. PLS CLARIFY .