Interest U/s 234B if MAT Applicable
This query is : Resolved
14 January 2010
Dear Professional Coolegues
Pls Guide me on the following:
Whether Interest U/s 234B can be lavied if the income tax return was filed under 115JA i.e. under MAT.
Thanks & Regards,
Ravi Karda
Pls Guide me on the following:
Whether Interest U/s 234B can be lavied if the income tax return was filed under 115JA i.e. under MAT.
Thanks & Regards,
Ravi Karda
14 January 2010
Yes. Interest u/s 234B & 234C will be levied if ITR is filed under MAT.
14 January 2010
Circular 13 of 2001 dated 09/11/2001 reported in 252 ITR (ST) 50 says interest is to be levied.
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