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U/s115jb & advance tax

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(Querist)
26 March 2012 if mat prov.applicable on a company? will advance tax is payable on the profit calculated as per mat provision.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
26 March 2012 Yes advance tax is payable as per the provisions of Section 115JB(5) of the act and in view of the Supreme Court decisions in the case of Rolta India Ltd , failing which interest under section 234B and 234C will attract.
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Mihir Doshi

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Mihir Doshi (Expert)
26 March 2012 Yes,

Advance tax will be paid.

Agree with Expert

Thanks
Mihir doshi
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