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dear sir,
what will be accounting entry for mat credit entitlement.
Mat Credit Receivable
to Mat Credit (tax expenses)
yogesh is right
Then How to Adjust MAT paid as Advance tax ??
@ B R naidu can you please elaborate your query
Can any body help me to pass entry for MAT credit entitlement and MAT Credit utilisation in the same year in case of co's u/s 80IA
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