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(Querist)
04 October 2013 Dear Sir, i want know what will be the treatment for mat credit in books of accounts and wht will be the accounting entry for mat credit which is to be carried forward in subsequent years
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CA Kapil Verma

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CA Kapil Verma (Expert)
04 October 2013 while first time creating mat credit.


Mat Credit (Assest ) a/c dr.
To Provision for income Tax

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