Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
06 July 2011We paid MAT in FY 09-10 and accordingly obtained form 29B from a CA in practice. In 10-11 the normal tax payable is more than MAT.
Is Form 29B needed for FY 10-11.
I guess no. However there is MAT credit set off under 115JAA in Fy 10-11
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 08 July 2011
Can we discuss
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 15 July 2011
Can we discuss this , friends
Krishna Upadhya
(Consultant-Tax Advisory Services)
(53 Points)
Replied 15 July 2011
Form 29B as contemplated u/s 115JB(4) is required only in case the section is applicable in that particular year to any company. In case the section is not applicable furnishing the certificate is not required.
Refer sec115JB(4)
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