Entry of mat credit entitlement
This query is : Resolved
29 October 2016
RESPECTED SIR,
THE BOOK PROFIT OF A COMPANY FOR THE F.Y 2015-16 IS RS. 200000/- THE BROUGHT FORWARD LOSS IS RS. 350000/- LAC LOSS CARRIED FORWARDED IS RS. 150000/- AND IT HAS PAID ADVANCE TAX FOR THAT FINANCIAL YEAR RS. 50000/-
SIR I HAVE PASSED THE FOLLOWING JOURNAL ENTRY IN THE BOOKS.
MAT CREDIT ENTITLEMENT DR. 38110.00
TO ADVANCE INCOME TAX 38110.00
(BEING MAT TAX @19.055% PROVIDED)
SIR, PLEASE CONFIRM WHETHER THE ABOVE ENTRY IS CORRECT OR WRONG
SIR PLEASE CLEAR MY DOUBT
WITH REGARDS
THE BOOK PROFIT OF A COMPANY FOR THE F.Y 2015-16 IS RS. 200000/- THE BROUGHT FORWARD LOSS IS RS. 350000/- LAC LOSS CARRIED FORWARDED IS RS. 150000/- AND IT HAS PAID ADVANCE TAX FOR THAT FINANCIAL YEAR RS. 50000/-
SIR I HAVE PASSED THE FOLLOWING JOURNAL ENTRY IN THE BOOKS.
MAT CREDIT ENTITLEMENT DR. 38110.00
TO ADVANCE INCOME TAX 38110.00
(BEING MAT TAX @19.055% PROVIDED)
SIR, PLEASE CONFIRM WHETHER THE ABOVE ENTRY IS CORRECT OR WRONG
SIR PLEASE CLEAR MY DOUBT
WITH REGARDS
04 November 2016
SIR,
PLEASE REPLYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
PLEASE REPLYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
11 November 2016
sir,
please clarify
please clarify
20 November 2021
Yes, correct ...
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