banner_ad

Advance Tax on MAT

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 April 2009 I received a Extraordinary income which is not chargeable to Tax, being a capital receipt. However since the same is passed through the P&L, MAT gets attracted.

Since the Extraordinary income was not anticipated or received and till December end I could not estimate my total income. And thus failed to pay my advance tax, and 234 get attracted.

I’m willing pay interest u/s 234 from Jan to March 08, but can I escape my interest liability u/s 234 for the first 6 months of interest computation.
Profile Image

CA Tilak Raj Sharma

Profile Image

CA Tilak Raj Sharma (Expert)
04 April 2009 You are refering "I" above. Please note MAT is applicable on Companies only not on the others.
Profile Image

CA Dilip

Profile Image

CA Dilip (Querist)
04 April 2009 refering to my company
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details