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Accounting profit ??? 15,00,000, Book profit as per MAT ?? 8,75,000, Profit as per Income- Tax Act ?? 1,50,000, Tax rate 30%, MAT rate 7.50%. The deferred tax asset/liability as per AS- 22 and amount of tax to be debited to Profit and Loss Account for the year ended 31.03.2018 are

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The syllabus (with weightage):
A. GAAP and Accounting Standards 20%
B. Accounting of Business Combinations & Restructuring 20%
C. Consolidated Financial Statements 20%
D. Developments in Financial Reporting 25%
E. Government Accounting in India 15%


Accounting profit ??? 15,00,000, Book profit as per MAT ?? 8,75,000, Profit as per Income- Tax Act ?? 1,50,000, Tax rate 30%, MAT rate 7.50%. The deferred tax asset/liability as per AS- 22 and amount of tax to be debited to Profit and Loss Account for the year ended 31.03.2018 are






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