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

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 ...

Note: Subscription will be auto renewed, you may cancel any time in the future without any questions asked.

Total Amount
Rs. 149.00
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.
  • Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
  • This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information
Read our full coverage on Corporation tax
First Published: Thu, October 17 2019. 02:13 IST