Clarification - Interest U/s. 234B & 234C

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..... Whether Interest U/s. 234B 234C of the Income Tax Act, 1961 is leviable where the copany has a Book Profit and Net Tax Payable if as per Section 115JB (MAT Tax) of the Income Tax Act, 1961 . .....

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..... - Reply By Rama Krishana - The Reply = Oh, yes, amount calculated under 115JB (MAT) minimum alternate tax on the basis of book profit is nothing but a tax which takes place when the regular tax .....

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..... is lower that mat. Interest u/s 234B and 234C are squarely applicable. - Reply By Surender Gupta - The Reply = Yes, you need to pay interest under 234B and 234C on MAT also. - Reply By Har .....

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..... ish Chander Bhatia - The Reply = This is a much debatable issue. Case of Kwality Biscuit is to be referred - Clarification - Interest U/s. 234B & 234C - Query Started By: - Ashutosh Chhawchharia D .....

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..... ated:- 6-4-2009 Income Tax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - .....

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..... taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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