Mat Calculation with Deferred Tax Assets provision


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?


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.

Thanks for Contacting Accounting-n-Taxation.Com

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