Reply u/s 142(1)

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Pravir Prashant (Querist)
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20 November 2013 Dear Sir
I have a query About Filling of Details Of MAT U/S 115JB
In F.Y. 2011-12 Co. Having Regular Tax is 344
and Tax Calculated U/S 115JB is 212 so Co. Had Paid Regular Tax.But The Co.Had Shown the Details of Above in ITR(Part-B) of 2011-12.

Is it Necessary To Show The Details Of MAT if In Notice U/S 142(1)of ITO Has Mention
"THE COMPUTATION OF TAX LIABILITIES AS PER THE PROVISION OF SECTION 115JB MAY KINDLY BE FURNISHED. IF MAT IS NOT PAID, PLEASE FURNISH THE REASONS FOR THE SAME"

SANTOSH SAGAR K

SANTOSH SAGAR K (Expert)
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21 November 2013 Yes. you have to give the details of MAT calculation also to the AO.

This is basically asked by the AO only to review the correctness of the MAT computation.