Very Simple Slogan for MAT:
Book Profit XX
Add: TRUS DEDDD XX
Net Profit XX
Less: DR IRD LS XX
Net Profit for MAT XX
Details (ADD):
T – Taxes & Cess
R – Reserves transfer
U – Uncertain liability provision
S – Subsidiary losses
D – Deferred taxes
E – Expenditure U/s 10
D – Dividend Paid
D - Depreciation
D – Diminution amount kept separate
Details (Less):
D – Deferred tax amount
R – Reserve Withdrawal
I – Income exempt U/s 10
R – Revaluation reserve withdrawal
D - Depreciation on re valued amount
L – Lower 1) Brought forward losses 2) Unabsorbed Business Loss
S – Sick Industrial Company Profit
CAclubindia
