13 August 2010
Whether MAT Credit available to be set off against tax liability of a Company in subsequent Asst. Years till fully exhausted by virtue of said section can be shown in books of Account under Loans & advances as MAT CRDIT Entitleable.
If Yes then how to pass entry in Books.
As i have seen in Audited B/s of Aditya Birla's company in which it is shown likewise as above
CAclubindia
