MAT Form 29B applicability

Shobhit Jain (CA) (4896 Points)

11 November 2021  

I had filed an income tax return for the company. Last year the company had a loss of around Rs 24,000/- and profit in current period Rs 5,500. Now as per MAT, the company is liable to pay Rs 1000 (not the exact amount).

Since company has paid tas as per MAT, will the company be liable to file form 29B??