Re: [aaykarbhavan] Query reltated to Income tax (deffered tax liab)

Dear colleagues,  Our company is paying income tax Under MAT since last two three years.In case of MAT tax is paid on book profit. In this book profit depreciation as per books is claimed and depreciation as per income tax does not have any relevance. Now my query is that in such scenario  whether we should show deferred tax liability  on account of difference in depreciation claim as per income tax(higher) and as per book profit since we are not considering income tax deprecation for paying MAT.Hoping for an early reply as we have to finalize accounts by 30th May. Regards Ram agrawal ---

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