DTA+MAT CREDIT
This query is : Resolved
30 December 2010
hello,
It is quite urgent
pls tell me that whether DTA can be created on basis of MAT CREDIT and if yes than it should be MAT Credit*30.9%?
Accept my thanks and regards in advance
It is quite urgent
pls tell me that whether DTA can be created on basis of MAT CREDIT and if yes than it should be MAT Credit*30.9%?
Accept my thanks and regards in advance
30 December 2010
When MAT credit is fully recognised in the books of accounts what is the further need to do any further accounting in this.
07 January 2011
thanks
but MAT credit is not recognized in the books of accounts than whether Deferred Tax Asset can be created and what will be the amt for it?
but MAT credit is not recognized in the books of accounts than whether Deferred Tax Asset can be created and what will be the amt for it?
07 January 2011
If MAT credit not recognised in the books of accounts then the amount of deferred tax would be same as the amount of MAT credit the company would have taken.
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