shibin.s.pullan (student) (116 Points)
18 July 2010Can any one pls give me the calculation of Deferred Tax Asset/Liability according to AS-22 in case of a company opting MAT
Friends pls rply soon,
thnx in advance
Kapil
(ds)
(92 Points)
Replied 18 July 2010
Hi Shibin...
According to AS- 22, in case of applicability of MAT provision to a concern, Deferred tax Asset/ Liability will be equal to, tax effect on timing differences should be measured using regular tax rates, and not tax rates u/s 115JB.
Hope that above explanation helps you.
Shantanu Kaushik
(accountant)
(30 Points)
Replied 21 July 2010
kindly go through the attached file
Shantanu9971128052
CAclubindia
