MAT CREDIT
This query is : Resolved
27 October 2009
Experts plz solve my queries:-
(1)What are the requirements for claiming MAT credit which is paid by an assessee?
(2)Is there any need to file any separate Form beside filing ITR?
(3) What is the purpose & use of Form 29B in this regard?
Thank you Experts.
(1)What are the requirements for claiming MAT credit which is paid by an assessee?
(2)Is there any need to file any separate Form beside filing ITR?
(3) What is the purpose & use of Form 29B in this regard?
Thank you Experts.
Pankaj K Gupta
(Expert)
27 October 2009
1. There are no special requirements for claiming MAT Credit, neither at the time of paying MAT nor at the time of claiming. Copies of ITR and tax computations showing MAT applicability and MAT Credit not taken is good enough.
2. No.
3. Form 29B is mainly applicable for Entities where Tax Audit is not applicable and having Income from Business and paying MAT u/s 115JB. Where Tax Audit is applicable u/s 44AB, the contents of the form 29B gets incorporated in Form 3CD itself.
2. No.
3. Form 29B is mainly applicable for Entities where Tax Audit is not applicable and having Income from Business and paying MAT u/s 115JB. Where Tax Audit is applicable u/s 44AB, the contents of the form 29B gets incorporated in Form 3CD itself.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GSTR9 Annual Return
- Employee secondment
- Ito add credit side of bank
- Gift to nri relatives resides in usa
- IMS (import of goods) ITC related
- Applicability of tax on invoice
- LLP audit and disclosure
- Form 144 TDS Return Validation Error – Mandatory Fields
- Rent agreement of House of deceased person
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
