Applicability of Interest U/s. 234B & 234C on MAT

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....pplicability of Interest U/s. 234B & 234C on MAT<br> Query (Issue) Started By: - Ashutosh Chhawchharia Dated:- 23-6-2009 Last Reply Date:- 24-6-2009 Income Tax<br>Got 2 Replies<br>Income Tax<br>Whethe....

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....r Interest U/s. 234B & 234C is applicable on MAT Tax. If yes, please suggest proper judgement on the basis of which we can be confirmed. Reply By CA GOPAL JI AGRAWAL: The Reply: It is applicable, pl....

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....ease refer circular no. 13/2001 dated Nov. 9, 2001. Reply By Rama Krishana: The Reply: MAT Tax is nothing but replaces the normal tax - therefore the provisions of interest is applicable as applicab....

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....le in normal circumstances. You may visit a case of Kerala High Court: http://www.taxmanagementindia.com/visitor/detail_case_laws.asp?ID=33532 in which it was held for the purpose of section 115J, int....

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....erest u/s 234B and 234C are not payable.<br> Discussion Forum - Knowledge Sharing ....