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MAT Report

Dikshay Chandaliya (43 Points)

16 October 2024

is it mandatory to file mat report even if after computing mat tax I am getting a refund

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (175479 Points)
Replied 16 October 2024

Every Company where the income is less than 15% of the book profit (with effect from AY 2020-21) is required to obtain a report from a Chartered Accountant in Form 29B. This report should be obtained and submitted one month before the due date for filing of return u/s 139(1) or along with the return of income furnished in response to a notice under Section 142(1)(i).