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Mat credit journal entries

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 September 2017 Sir, our company has paid rs 29000 tax in the previous fy 2015-16 under the provision of Mat. The full amount Is eligible for transfer to mat credit entitlement account as there was no tax under the normal provisions of IT. So the journal entry passed was mat credit entitle ment ac dr 29000 to profit and loss account. My query is what is the journal entry for mat paid? Journal entry for the tax paid rs 29000 in the month of September 2016.
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sivaram

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sivaram (Expert)
08 September 2017 Debit advance tax and credit bank for Rs 29000
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