Form 29B non filing consequences

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CA
156 Points Posted on 06 October 2022
what are the consequences of not filing form 29B?
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On 06 October 2022 at 14:30 Report
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Failing to file Form 29B can lead to your Minimum Alternate Tax (MAT) calculation not being recognised in the intimation under Section 143(1). Furthermore, the assessing officer may deem your tax return defective as per Section 139(9) of the Income Tax Act.

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GST Practitioner & Accounts
15146 Points Posted on 06 October 2022
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On 06 October 2022 at 17:52
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790 Points Posted on 07 October 2022
The MAT calculation will not be considered in the intimation u/s 143(1). Also, the assessing officer might consider it a defective return u/s 139(9).
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On 07 October 2022 at 10:37

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