14 July 2009
Shall MAT be calculated on book profit after providing for Deferred Tax liability or on book profit before providing for such Deferred tax liability? Please it is toooooo Urgent...........
14 July 2009
Finance bill 2008 has amended provision related to MAT computation w. r. e. f. 01.04.2001 that deferred tax has to be added back for the purpose of computation of book profit.
Hence MAT to be calculated before providing for deferred tax liability.
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