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Deferred tax - doubt
Direct Taxation
Sir, If a company has to pay tax in MAT for the current year, then we should calculate the deferred tax asset or liability using the normal tax rate or the MAT rate?? And if the company has to pay surcharge in a year, then should we include the rate of surcharge for calculation of deferred tax also??
Answers (2)
CA Suraj Lakhotia Admin
You will use normal tax rates. If surcharge is applicable, it has to be considered.
Okay sir.. thanks you.. :)
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