Regarding 29B form applicability on basis of total income
This query is : Resolved
Divyesh Ajmera
(Querist)
28 October 2025
If by allowing IT act dep and disallow Company act dep. (Dep. as per IT Act is less then companies act dep.) income as per income tax act (115JB) is greater than company act then 29B required to be file?
Dhirajlal Rambhia
(Expert)
28 October 2025
Yes, Form 29B is required to be filed whenever a company is subject to the provisions of Minimum Alternate Tax (MAT) under Section 115JB of the Income Tax Act—regardless of whether the MAT liability (income as per IT Act, including depreciation as per the IT Act) is more or less than the book profits as per the Companies Act (even if depreciation as per Companies Act is greater than IT Act depreciation).
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