Mat & dta
This query is : Resolved
27 October 2017
INCOME AS PER BOOKS 969827
ADD: Deferred Tax Asset 300157
Total income as per IT ACT 1269984
For MAT Calculation should deferred tax asset be reduced from 1269984/-
OR MAT has to be calculated on Rs 969827/-
Is there any effect of deferred tax asset on MAT Calculations?
ADD: Deferred Tax Asset 300157
Total income as per IT ACT 1269984
For MAT Calculation should deferred tax asset be reduced from 1269984/-
OR MAT has to be calculated on Rs 969827/-
Is there any effect of deferred tax asset on MAT Calculations?
27 October 2017
MAT is to be calculated om
Rs.969827 because MAT is calculated on book profit and not on Taxable Profit.
Rs.969827 because MAT is calculated on book profit and not on Taxable Profit.
27 October 2017
There is no effect on MAT due to DTA/DTL because DTA/DTL is created due to difference in Book Profit vs Taxable Profit
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
