Mat credit accounting
This query is : Resolved
25 August 2011
A SEZ Company is in TAX Holiday period and no Tax Liability on business income. As now MAT Provision are applicable to SEZ Companies. Please help on below quires
Query
1.How to Compute MAT Tax
2.What are accounting entries to pass in books of accounts
3.How to present MAT Credit in Financial Statements
4.Whether payment of MAT Tax can be adjusted from TDS recoverable
Thanks
Query
1.How to Compute MAT Tax
2.What are accounting entries to pass in books of accounts
3.How to present MAT Credit in Financial Statements
4.Whether payment of MAT Tax can be adjusted from TDS recoverable
Thanks
07 August 2023
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