Can I read Form 29B: Applicability and Requirements on EtoBox?

Form 29B: Applicability and Requirements by Rishav Choudhary is a document available to read on EtoBox.

What is Form 29B: Applicability and Requirements about?

The document discusses the applicability of Section 115JA/115JB of the Indian Income Tax Act, which introduces a minimum alternate tax of 18.5% of book profit for companies. It notes that all companies except those in infrastructure and power sectors must pay the higher of 18.5% of book profit or the tax payable on total income. Book profit is computed according to Clause 104 and must be certified by an accountant in Form 29B along with the company

Author

Rishav Choudhary

Language

EN