Query on accounting standard
This query is : Resolved
03 March 2012
Hi
can any one tell me what is MAT ? what is the treatment in AS 22 while calculating deferred tax.kindly explain me with an example.
can any one tell me what is MAT ? what is the treatment in AS 22 while calculating deferred tax.kindly explain me with an example.
22 March 2012
MAT is nothing but Minimum Alternative Tax
As per AS-22
Deferred tax/liability arises only due to timing differences...
As per AS-22
Deferred tax/liability arises only due to timing differences...
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