Mat bcos of change in method of depreciation

CA Priyaadarshini (CA) (105 Points)

11 June 2012  

Hi all,

A company a changed its method of depreciation from WDV to SLM. Excess depreciation is credited to the P&L. Because of this, there is profit of (say) Rs 10 cr. without this, the company would be at loss. 

Is the company required to pay MAT on the book profit of Rs 10cr ?

Thanks

Priya