Accounting Standard 22
This query is : Resolved
06 July 2008
As per INCOMETAX tax liability is Rs.154855/-. As Per Provision of MAT tax Calulated is Rs.345945/-.
So We have to Pay as per MAT Rs.354855/-. So MAT credit available is Rs.191090/-(345945-1548550)in next year.
at present DTL Balance is Rs.548458/- before considering MAT.
Is any way MAT affect the DTL?
Thanks.
So We have to Pay as per MAT Rs.354855/-. So MAT credit available is Rs.191090/-(345945-1548550)in next year.
at present DTL Balance is Rs.548458/- before considering MAT.
Is any way MAT affect the DTL?
Thanks.
10 July 2008
MAT does not affect DTL/DTA,
it is shown as MAT Credit Entitlement in the books as per the Guidance Note issued in this behalf
it is shown as MAT Credit Entitlement in the books as per the Guidance Note issued in this behalf
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