MAT and Corporate Tax

This query is : Resolved 

15 March 2008 If company is liable to pay tax under MAT then company is also liable to pay differnce amout of tax to goverment as per corporte tax thier for (30-10=20%)

if yes

then how to do accounting for balance liability of TAX in the books?


16 March 2008 If the company is liable to pay MAT than no other tax liability is there for the company.
If you have some other query,pls ask



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