Re: mat
Querist : Anonymous
A.Y.2011-12
Normal Tax : 115000
Tax u/s 115 JB : 450000
TDS : 600000
Refund : 150000
MAT Credit available : 335000
A.Y.2012-13
Tax u/s 115 JB : 450000
Normal Tax : 735000
MAT Credit : 335000
Tax Payable : 400000
TDS : 600000
Refund : 200000
Please advise that the above MAR Credit adjustments
are O.K.and the entries to be passed in books.
Thanks in advance.
Mat Credit available for the A.Y.2012-13 is 285000 i.e. (735000-450000)
Querist : Anonymous
MAT Credit is available for Rs.285000 , should it not be difference bwtween the normal tax and tax u/s 115 JB IN THE A.Y.2010.11.Please elaborate.Thanks.
Querist : Anonymous
Now I am not able to view the accountng entries to be passed.
Will you please help me in this regard.
Thanks.
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