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Accounting Standard 22

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06 July 2008 As per INCOMETAX tax liability is Rs.154855/-. As Per Provision of MAT tax Calulated is Rs.345945/-.

So We have to Pay as per MAT Rs.354855/-. So MAT credit available is Rs.191090/-(345945-1548550)in next year.
at present DTL Balance is Rs.548458/- before considering MAT.

Is any way MAT affect the DTL?

Thanks.


10 July 2008 MAT does not affect DTL/DTA,
it is shown as MAT Credit Entitlement in the books as per the Guidance Note issued in this behalf



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