MAT & MATC Schedule

ExpressITR || How to Feed MAT & MATC Schedule


Process to Feed MAT & MATC Schedule in Express ITR

Step 1: Access the ITR Summary
  1. Log in to Express ITR and open the profile for the Company client.
  2. Navigate to the ITR Summary section and click on Return Flow to start.
      

Step 2: Access the Business Profession Section
  1. Navigate to the Business Profession head in the menu to access the Business information section.
      

Step 3: Enter Business Details
  1. Click on Add Business to create a new business profile.
  2. Select the business type as Ordinary.
  3. Fill in the following details:
    1. Nature of Business: Enter a relevant name or description for the business (e.g., the name of the partnership firm or a unique identifier).
  4. Once all information is entered, click Done or press Esc to save the data.
      

Step 4: Access the MAT & MATC Schedule
  1. Click on the Computation option and select Schedule MAT & MATC.
      
      

Step 5: Populate MAT & MATC Schedule
  1. Use the down arrow option to navigate and input the relevant details for Schedule MAT & MATC.
      
  1. The hidden columns will auto-populate based on the financial statements provided.
Step 6: Enter MAT Credit Utilization
  1. Open the Utilization of MAT Credit Available section using the down arrow.
      
  1. Select the relevant Assessment Year and input the corresponding MAT credit utilization details.
Note: Ensure all inputs are accurate and align with the provided financial statements and Income Tax provisions.
We hope this guide proves helpful.