Mat credit entry

A/c entries 2227 views 5 replies

dear sir,

what will be accounting entry for mat credit entitlement.

Replies (5)

Mat Credit Receivable

to Mat Credit (tax expenses)

yogesh is right

Then How to Adjust MAT paid as Advance tax ??

@ B R naidu can you please elaborate your query

Can any body help me to pass entry for MAT credit entitlement and MAT Credit utilisation in the same year in case of co's u/s 80IA


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