Hi,
i want to know can the Assessing officer demand for Mat Tax under section 143 &143(1A)???????
Assessee had filed nil return but he was liable to pay MAT,now in Secrutiny AO Asking for MAT U/s 143.so my question is can he demand ???
CA Geeta Sharma (CA ) (60 Points)
18 February 2013Hi,
i want to know can the Assessing officer demand for Mat Tax under section 143 &143(1A)???????
Assessee had filed nil return but he was liable to pay MAT,now in Secrutiny AO Asking for MAT U/s 143.so my question is can he demand ???
VIKAS.A
(SOMETHING IS BETTER THAN NOTHING)
(1095 Points)
Replied 18 February 2013
if the book profits are 18.5% more than the tax computed under income tax then assesee is definetly liable to pay mat and can claim deduction in coming years
CA Geeta Sharma
(CA )
(60 Points)
Replied 19 February 2013
Thanx Akansha and Vikas...
but my ques. is that can he demand MAt u/s 143(1).although i know he is liable to Pay Mat on book Profit.
CA Gaurav Kaushik
(Practicing Chartered Accountant)
(123 Points)
Replied 19 February 2013
Yes he can demand the same
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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