Reply u/s 142(1)
This query is : Resolved
20 November 2013
Dear Sir
I have a query About Filling of Details Of MAT U/S 115JB
In F.Y. 2011-12 Co. Having Regular Tax is 344
and Tax Calculated U/S 115JB is 212 so Co. Had Paid Regular Tax.But The Co.Had Shown the Details of Above in ITR(Part-B) of 2011-12.
Is it Necessary To Show The Details Of MAT if In Notice U/S 142(1)of ITO Has Mention
"THE COMPUTATION OF TAX LIABILITIES AS PER THE PROVISION OF SECTION 115JB MAY KINDLY BE FURNISHED. IF MAT IS NOT PAID, PLEASE FURNISH THE REASONS FOR THE SAME"
I have a query About Filling of Details Of MAT U/S 115JB
In F.Y. 2011-12 Co. Having Regular Tax is 344
and Tax Calculated U/S 115JB is 212 so Co. Had Paid Regular Tax.But The Co.Had Shown the Details of Above in ITR(Part-B) of 2011-12.
Is it Necessary To Show The Details Of MAT if In Notice U/S 142(1)of ITO Has Mention
"THE COMPUTATION OF TAX LIABILITIES AS PER THE PROVISION OF SECTION 115JB MAY KINDLY BE FURNISHED. IF MAT IS NOT PAID, PLEASE FURNISH THE REASONS FOR THE SAME"
21 November 2013
Yes. you have to give the details of MAT calculation also to the AO.
This is basically asked by the AO only to review the correctness of the MAT computation.
This is basically asked by the AO only to review the correctness of the MAT computation.
14 August 2023
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Rental income of jointly held property
- FEMA regulation Act. for inward remitance
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
