Can any one pls give me the calculation of Deferred Tax Asset/Liability according to AS-22 in case of a company opting MAT
Friends pls rply soon,
thnx in advance
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help needed on deferred tax calculation...
Replies (2)
Hi Shibin...
According to AS- 22, in case of applicability of MAT provision to a concern, Deferred tax Asset/ Liability will be equal to, tax effect on timing differences should be measured using regular tax rates, and not tax rates u/s 115JB.
Hope that above explanation helps you.
kindly go through the attached file
Shantanu9971128052
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