05 October 2011
Dear all please go through the case & let me know the mat payable for the year ending 31.03.2011
Profit before dep for 31.03.2010...36,88,100 Dep as per Co Act 51,85,061 Profit before tax (-)14,96,960 Income tax (fbt) 18,427 Provision for Deferred tax (asset) 8,43,083 (Credited to P & L a/c) Profit aftertax ( -) 6,72,304
Dep as per IT Act 50,14,905 Lossc/f for the year ending 31.03.2010 13,26,805
Profit before dep for 31.03.2011...65,65,505 Dep as per Co Act 48,36,356 Profit before tax 17,29,150 Provision for Deferred tax (Liability) 5,28,404 Profit after deffered tax 12,00746 Sir please let me know Mat payable for the Year ending 31.03.2011
My doubt is which figur should be deducted from current year profit while calculating mat for the year ending 31.03.2011
CAclubindia
