Filing of form 29b for mat calculation u/s 115jb

This query is : Resolved 

29 August 2013 IS IT NECESSARY TO FILE FORM 29B IF INCOME TAX PAYABLE IS MORE THAN THE MAT CALCULATED U/S 115JB.

THANK YOU.

29 August 2013 No. Pl see section 115JB(4).

29 August 2013 thank yu sir


19 September 2013 Sub-section (4) of section 115JB begins with the words "every company to which this section applies......" A conjoint reading of these provisions indicates that the requirement of audit under section 115JB shall apply to companies which are liable to pay tax by virtue of section 115JB.

So if MAT provisions are not applicable than filing of form 29B is not required.



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