What are the entries that required to be passed while paying tax as per MAT, and also the Head under which the entries is to passed?
BHAGYESH RAVANGE (C.A Job) (1528 Points)
16 September 2009What are the entries that required to be passed while paying tax as per MAT, and also the Head under which the entries is to passed?
kapil kumar agrawal
(Chartered Accountant )
(169 Points)
Replied 20 September 2009
Dear....
Normal entries should be passed i think.....
Because difference kewal amount of tax ka hoga...
accounting point of view se jo amount normal prov se a raha tha uski jagah mat wala tax amount a jana chahie....
If i am wrong then please tell me the right answer....
please>>>
Krutesh Patel
(ACA)
(727 Points)
Replied 20 September 2009
Mat Tax Credit receivable A/c (as assets_)
To MAT payable (as liabilities
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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