U/s115jb & advance tax

This query is : Resolved 

26 March 2012 if mat prov.applicable on a company? will advance tax is payable on the profit calculated as per mat provision.

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.

26 March 2012 Yes,

Advance tax will be paid.

Agree with Expert

Thanks
Mihir doshi




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries