Mat

This query is : Resolved

Upendra Sapkota (Querist)
Follow

20 September 2012 HOW TO JOURNALISE ENTRY FOR MAT ? WHETHER IT IS REQUIRED TO ADJUST IN P & L A/C OR NOT ? PLEASE PROVIDE ME ACTUAL ACCOUNTING CONCEPT REGARDING MAT ....

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

20 September 2012 It is normal entry of Provision for Income tax only. We need to provide either MAT or actual Income tax provision. so when the company need to pay MAT the actual income tax provision will not come and if we need to pay actual provision, no mat provision apply. so Dr: P&l a/c Cr: Provision for Income tax (either actual tax or MAT)

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

office docs

Jagadeesh GR

Suman Lata Saraswat

suresh kotte

Thanwar Chhatwani

Subscribe Now

Mat

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Senior Executive

GST CONSULTANT

Manager- Finance and Compliance

CA Final

Accountant