Minimum Alternate Tax report requirement: certified Form 29B mandates book-profit computation and annexure details for companies. The amendment adds Part VIIB and prescribes Form No. 29B as the required accountant's report under section 115JB, mandating a qualified accountant's certification that book profit has been computed in accordance with the provision, specifying the tax determined on that basis and requiring an Annexure A detailing company identification, profit and loss reconciliation, increases and reductions under the section's explanation, the computed book profit, and the reference computation used to assess the applicable tax.
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Provisions expressly mentioned in the judgment/order text.
Minimum Alternate Tax report requirement: certified Form 29B mandates book-profit computation and annexure details for companies.
The amendment adds Part VIIB and prescribes Form No. 29B as the required accountant's report under section 115JB, mandating a qualified accountant's certification that book profit has been computed in accordance with the provision, specifying the tax determined on that basis and requiring an Annexure A detailing company identification, profit and loss reconciliation, increases and reductions under the section's explanation, the computed book profit, and the reference computation used to assess the applicable tax.
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