Hi all,
Please any one let me know how to account for Mat Credit with Guidence Note Reference.
Regards,
Rudresh
Menu
MAT Credit
Replies (1)
Journal Entry will be as follows:
In the year of accounting of MAT Credit
MAT Credit Entitlement A/c (Loans & Advances) Dr.
To P&L A/c
In the year of seting off MAT credit, following entry be passed:
Provision for Tax A/c Dr.
To MAT credit Entitlement A/c
Recent Topics :
- How do I choose the Best GST Lawyers in New Delhi
- Loss on sale of residential flat after indexing al
- Short Deduction
- Large mismatch between AIS Business Receipts and G
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
- AIS Password: How to Open Your AIS PDF?
Related Topics :
CAclubindia
