If a company is paying Tax as per MAT but not recognising MAT credit as an asset in its book then is any note is required to be given in notes to accounts or in MRL?
1 Replies
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 14 September 2018
In such case, the financial statements are not free from material misstatement. Analyse impact on opinion as the financial statements are not reflecting true and fair view.
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