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Mat credit

Stat Audit 237 views 1 replies

If a company is paying Tax as per MAT but not recognising MAT credit as an asset in its book then is any note is required to be given in notes to accounts or in MRL?

Replies (1)
In such case, the financial statements are not free from material misstatement. Analyse impact on opinion as the financial statements are not reflecting true and fair view.


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