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AS 22..excess of MAT over current tax

Accountancy

Excess of MAT over current tax is whether debited or credited to p&l account?

Sajeetha R

CA Final

★ 46K+

06-Nov-21 14:59

367

Answers (2)

Amount of tax debited to P&L is [Current tax+deferred tax liability +excess of MAT over current tax]

Miradevi S

CA Final

★ 16K+

06-Nov-21 15:34

Thanks

Thread Starter

Sajeetha R

CA Final

★ 46K+

06-Nov-21 16:47