Dear Annapoorna,
1) Yes advance tax is required to be paid even under MAT
2)DEDUCTIONS FROM BOOK PROFIT -
i) the amount withdrawn from any reserve or provision
ii) the amount of income to which any of the provisions of 30[section 10 (other than the provisions contained in clause (38) thereof)] or 31[***] section 11 or section 12 apply, if any such amount is credited to the profit and loss account; or
(iia) the amount of depreciation debited to the profit and loss account (excluding the depreciation on account of revaluation of assets); or
(iib) the amount withdrawn from revaluation reserve and credited to the profit and loss account, to the extent it does not exceed the amount of depreciation on account of revaluation of assets referred to in clause (iia); or] 33
(iii) the amount of loss brought forward or unabsorbed depreciation, whichever is less as per books of account.
(viii) the amount of deferred tax, if any such amount is credited to the profit and loss account.
3) DEFERRED TAX ASSET HAS TO BE REDUCED TO CALCULATE BOOK PROFIT
4) Yes, TDS deducted can be adjkusted against MAT Liability.......