Doubt regarding MAT-Direct tax code

N.Naveena Maheswara Rao (Assistant manager for accounts)   (1096 Points)

25 August 2009  

 For the purpose of MAT we have to calculate gross assets.

lwe have to consider almost all the items in asset side of the balance sheet decreased by debit balance in p&l account.

My doubt is whether defered tax asset should be included or not. Please clarify