Applicability of form no. 29b, ie audit report on mat

Is it compulsory to submit ‘Form 29B’, even if tax is paid as per normal provision of IT act?

Sub-section 4 of Section 115JB provides that every Company to which section 115JB applies shall furnish a report certifying that the book profit has been computed in accordance with the provisions of this section along with the return of income. Sub-section 5A to Section 115JB provides that the section 115JB is not applicable to income from life insurance business. Therefore, ‘Form 29B’ has to be filed in all cases, other than the cases covered u/s 115JB(5A). Even if normal tax is more than the tax payable u/s 115JB, Form 29B is necessary to show that tax payable u/s 115JB is less than normal tax. However, if you disagree, ignore the warning and click on ‘Generate e-return’.