in case an assesse is having to pay tax at normal rates i.e. the minimum alternate tax is lower than the tax at normal rates does he have to file the form 29B online compulsorily???
thanks in advance
3 Replies
CA Dhruva Kalamanji
(Chartered Accountant )
(1996 Points)
Replied 23 September 2013
Form 29b is filled to show that book profit of the company has been calculated as the provision mentioned in the section 115JB so it is required to file the form 29B
CA Munmun Kataria
(Expert)
(21 Points)
Replied 23 March 2015
I disagree Mr.DKS
Form 29B is to be filled only when the company needs to pay tax as per the MAT provisions. As per section 115JB (4)- form29b is applicable to every company falling under this section and since this section is charging section in nature so it covers the company on which tax as per MAT is leviable in the previous year and not all the companies.
Harishchandra Varun
(1 Points)
Replied 01 October 2015
As per clause 4 of sec 115 jb, even if your normal tax is more than MAT than also you to file form 29B which shows the calculation of MAT is being certify by the CA.
Thanks & Regards,
Satish
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