Mat Calculation with Deferred Tax Assets provision

Question

My profit after tax is 303472
Provision for income tax is 19035
Provision for deferred tas assets is -222611
Nett Profit=303472

But in income tax return negative figure is not taken for MAT computation.

So please how to compute?




Answer

If the Deferred Tax is negative, it refers that it is a credit and therefore you should put the figure in add back but include it in item 5(f) of Schedule MAT in ITR 6.

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