27 October 2009
1. There are no special requirements for claiming MAT Credit, neither at the time of paying MAT nor at the time of claiming. Copies of ITR and tax computations showing MAT applicability and MAT Credit not taken is good enough. 2. No. 3. Form 29B is mainly applicable for Entities where Tax Audit is not applicable and having Income from Business and paying MAT u/s 115JB. Where Tax Audit is applicable u/s 44AB, the contents of the form 29B gets incorporated in Form 3CD itself.
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