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Notice u/s 143(1)(a) relating to schedule mat

Tax queries 521 views 4 replies

-I have received notice u/s 143(1)(a). It says "In Schedule MAT there is an inconsistency in the computation of Book profit from the amounts mentioned in Part A P and L account".

- The amount specified in notice is rs. 31986. which relates to "Provision for deferred tax and deferred liability".

-While filing ITR-6, I have shown Profit after tax(-1401217) in schedule MAT and Rs. 31986 as Provision for deferred tax and deferred liability.

- Please suggest how to respond to this notice.

Replies (4)

What is the amount in Profit after tax in Part A - P & L schedule?

Profit after tax is -1401217

What you have done is correct. You can reply by saying that the amounts are correct and proper effect has been given in MAT calculation.

Ok.

Thank You madam.

 


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