in view of the latest decision of supreme court, there will be not liability of interest u/s 234 B and 234C, if a company pays tax on MAT liability.
a very useful and landmark decision
AS PER THE INFORMATION AVAILABLE : THE SC DECISION HAS NO RELEVANCE IN PRESENT SITUATION OF MAT.
Menu
MAT ( INTEREREST U/S 234B AND 234C
Replies (3)
Hi,
Can you please give the details of the decision ?
Regards
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
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
Recent Threads
- Schedule 112A CSV template
- RNOR status and exemption on RFC account interest
- Upload error for ITR 2 filing after validation
- CCI Forum gets fresh Look ! Share your views
- Presumptive taxation 44AD BLOCK PERIOD
- FORM 27Q FILING
- TDS for Advance Maintenance
- GST on product purchased at MRP
- TDS on Joining Bonus
- How to complete form10E Table details for the year
Related Threads
CAclubindia
