MAT ( INTEREREST U/S 234B AND 234C

Hi,

Can you please give the details of the decision ?

Regards

Sir,

I have a small query. A Pvt Ltd Co. has been making losses . In the last FY it has made a book profit.

It has not paid any advance tax or MAT for that matter. Now while computing the tax as per IT Act , they are liable to pay some tax. However if the MAT calculation is done the carried forward losses do not get adjusted.

Considering the above do they have to pay the computed Income tax & will Section 234B & 234C be applicable.

Kindly resolve my query.

Regards

Neeta

please give the more details of case