query related to MAT

This query is : Resolved

Guest

Guest (Querist)

30 April 2011 IF THERE IS A OPENING BALANCE OF MAT IS 20000RS(DR) IN THE PRIVATE LTD. COMPANY'S BOOKS AND DURING THE CURRENT YEAR MORE 30000 IS PAID THAN WHAT IS THE TREATMENT OF MAT WHILE PREPARING THE CLOSING BALANCE SHEET?

Surendra Singh Chouhan

Surendra Singh Chouhan (Expert)
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30 April 2011 this problem is related to wrong tax planning by the enterprises...if there is tax liability in this year apart from MAT calculation than first adjust the same with previous MAT credit and 30000.00 paid in advance should call from deptt as refund being omission in calculting the tax liability.

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Guest

Guest (Querist)

30 April 2011 CAN YOU EXPLAIN IT IN DETAIL SIR?