What are the entries that required to be passed while paying tax as per MAT, and also the Head under which the entries is to passed?
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Mat credit
Replies (2)
Dear....
Normal entries should be passed i think.....
Because difference kewal amount of tax ka hoga...
accounting point of view se jo amount normal prov se a raha tha uski jagah mat wala tax amount a jana chahie....
If i am wrong then please tell me the right answer....
please>>>
Mat Tax Credit receivable A/c (as assets_)
To MAT payable (as liabilities
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