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Re-measure deferred tax assets, liabilities for tax rate changes: EY India

MAT credit is recognised as a deferred tax asset

Sudipto Dey 

Following the changes in the corporation tax regime among the key concerns raised by businesses relates to impact of MAT on their financial. Pranav Sayta, national leader, international tax and transaction services, EY India and Jigar Parikh, partner, financial accounting advisory services, EY India, de-fog some of issues raised by Corporate India.

My company has a large amount of MAT credit on account of two units claiming tax holidays/ incentives. From next year the tax holiday period ends and the profits from these two units should be applicable to regular corporate taxes. We have ...

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First Published: Thu, October 17 2019. 02:13 IST
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