Interest on mat

This query is : Resolved

ramanamma (Querist)
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26 March 2013 Friends please tel me
My company submitted return for the A Y 2011-12 ( F Y 2010-11) within due date .

company paid tax as per MAT U/s 115jb
29.09.2011 entire tax amount in a single payment without any payment of Advance tax etc..with out calculation of interest on that tax liability.

Is it company required to pay Interest U/S 234 B & C please suggest me .

Tax payable Rs. 244983/- including secondary & higher education cess

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 March 2013 MAT companies would be liable to pay advance tax u/s.115JB. If fails Interest u/s.234B & c will also apply

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