is it mandatory to file form 29 B under section 115kb even if company is incurring loss and has receipts less than 1crore?
no tax becomes payable as per both calculations ,then also form 29 B should be filed?
please mention the relevant section
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Mandatory filing of form 29B?
Replies (6)
Under sec. 115JB(4)any company which comes within the preview of sec. 115JB have to file form 29B. In my opinion if a company is not making profit and has no book profit after adjustments as per sec. 115JB then sec. 115JB itself is not applicable and when sec 115JB is not applicable than there is no requirement of filing form 29B.
not mandatory in your case
if your book profit as per section 115jb is more than Taxable Profit then you will have to file Form 29B
rushi bhatt
Filing of Form 29B:
1. The company has made a book profit
2. However, no MAT has been paid due to carry forward losses set off.
In this situation should the company file Form29B
29 B form filing mandatory from which year?
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