MAT CREDIT
This query is : Resolved
20 November 2007
One of my client has credited its P&L a/c with the amount of MAT credit as per AS 22.And while computing Book profit u/s 115JB he deducted this amount from the Profit as per P&L a/c(Below the line).I require some support (case Laws etc)for the treatment done by my client while computing book profit.
20 November 2007
PLEASE REFER PARA 207.1-5a TO 5c AND THE ILLUSTARTION GIVEN BELOW 5c in section A-339 of TAXMANN'S DIRECT TAXES READY RECKONER BY DR. VINOD K SINGHANIA
(ASST YEAR 07-08& 08-09).
the support is available.
R.v.Rao
(ASST YEAR 07-08& 08-09).
the support is available.
R.v.Rao
20 November 2007
I am not talking about tretment of mat credit which is computed under income tax act.I am talking about treatment of MAT credit which is credited in P&L A?C as per AS 22.i.e is it covered with 13 adjustment of MAT CREDIT>
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- Invoice V/S Goods receipt Note Date
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Transporter Declaration form
- Regarding appeal to GSTAT
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
