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Income tax

This query is : Resolved 

10 July 2010 kindly tell me whether MAT credit entitlement on credit side of balance sheet can be netted off from MAT credit assets on debit side of balance sheet.


further on credit side how MAT credit comes

Like for advance tax/TDS provision for tax is netted off in Balance sheet

11 July 2010 I could not get your Ques. And also Please there are no Debit or Credit side in a BS. Check whether its a MAT or Deffered Tax





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