If Taxable Business Income computed from Statement of Total Income is Profit and Book Profits shows Loss figure then, the MAT would be Zero as Book Profits is not available what would be the Deferred Tax then ? Asset or Liability?
If Taxable Business Income computed from Statement of Total Income is Profit and Book Profits shows Loss figure then, the MAT would be Zero as Book Profits is not available what would be the Deferred Tax then ? Asset or Liability?
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