Whether the MAT credit of prior year and MAT credit entitlement are required to be shown in the financial statements of the company? If Yes then how to present in the financial statement of the company. Which AS is applicable & from which year it is applicable to Companies. If we show in the financial statements of the company the reserve and surplus amount will increase. Please provide the Ind AS related to MAT credit of prior year and MAT credit entitlement.
CAclubindia
