Name: Form 29B Filing – Minimum Alternate Tax (MAT) Compliance for Companies -
Brand: Income tax
Price: 2500.00 INR
Availability: InStock

Confused?

Get Clarity from an Expert for Only ₹199!

We Are Registered Under:-

Form 29B Filing – Minimum Alternate Tax (MAT) Compliance for Companies

Overview

Companies liable under Minimum Alternate Tax (MAT) provisions must file Form 29B, certified by a Chartered Accountant, as per Section 115JB of the Income Tax Act, 1961. Failure to comply with MAT rules can result in penalties, legal issues, or rejection of tax returns.

At Company Mitra, we provide expert-led Form 29B Filing Services, ensuring proper assessment of book profits, MAT calculation, and CA certification for smooth, error-free tax compliance.

Overview

Form 29B is a mandatory report that companies must file along with their income tax return when they fall under MAT provisions. It includes a detailed calculation of book profits and verification by a qualified Chartered Accountant to confirm tax liability under Section 115JB.

MAT ensures that companies with substantial book profits cannot completely avoid paying taxes due to exemptions or deductions. Our team assists in preparing, verifying, and filing Form 29B accurately to avoid legal hassles and penalties.

Who Needs to File Form 29B?

All companies whose tax liability is governed by Section 115JB (MAT)
Companies with book profits but reduced taxable income due to deductions or exemptions
Companies required to pay Minimum Alternate Tax as per the Income Tax Act
Startups, small companies, or large corporations with book profits triggering MAT provisions

Our Form 29B Filing Service Includes

✔ Review of financial statements and book profit calculations
✔ Adjustment of profits as per Section 115JB requirements
✔ Verification by a qualified Chartered Accountant
✔ Preparation and e-filing of Form 29B with the Income Tax Department
✔ Documentation support for audit and tax assessments
✔ Year-round advisory on MAT applicability and tax planning

Benefits of Choosing Company Mitra

✔ 100% compliant filing of Form 29B to avoid notices or penalties
✔ Proper MAT computation ensuring legal tax payment
✔ CA-certified verification for income tax return accuracy
✔ Guidance on MAT tax credits and future set-off provisions
✔ Peace of mind with expert support from start to finish

Document Required

Audited financial statements (Balance Sheet, P&L Account, Notes to Accounts)
Book profit calculations
Details of deductions, exemptions, and adjustments under Section 115JB
Tax audit report (if applicable)
Previous year’s ITR and Form 29B (if applicable)
Company PAN, registration details, and other compliance documents

Professional Fees

~~₹5,000.00~~ ₹2,500.00

Additional Cost

Process time

Initial consultation to assess MAT applicability: 1 working day
Review of financial statements and book profit adjustments: 2-3 working days
Preparation of Form 29B and CA certification: 2 working days
E-filing of Form 29B along with ITR: 1 working day post finalization

Urgent or priority processing is available on request.

Steps

We conduct an initial consultation to assess MAT applicability based on your company’s financials
Our team collects and reviews your audited financial statements and book profit calculations
We make necessary adjustments to compute book profits as per Section 115JB of the Income Tax Act
A qualified Chartered Accountant verifies your MAT computation and certifies Form 29B
We prepare and e-file Form 29B with the Income Tax Department along with your ITR
You receive confirmation and a complete documentation package for your records
We provide year-round support for MAT-related queries, tax credit planning, or compliance reviews

FAQ

Q1. Is Form 29B mandatory for all companies?
Yes, for companies falling under MAT provisions of Section 115JB, Form 29B filing is compulsory.

Q2. Who can certify Form 29B?
Only a practicing Chartered Accountant is authorized to verify and certify Form 29B.

Q3. What is MAT and why is it applicable?
MAT ensures companies with book profits pay a minimum tax, even if their normal tax liability is reduced due to exemptions or deductions.

Q4. Can MAT be set off in future years?
Yes, MAT paid can be carried forward as credit and set off against future tax liabilities, subject to conditions.

Q5. What is the penalty for non-filing or incorrect Form 29B?
Failure to file Form 29B can lead to rejection of ITR, tax demands, and penalties.

Q6. Is Form 29B applicable to LLPs or individuals?
No, Form 29B is applicable only to companies, not LLPs, firms, or individuals.

Q7. Do startups under tax holiday schemes need to file Form 29B?
Yes, if MAT applies despite tax holidays, Form 29B is required.

Compliances