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FORM NO. 28A See rule 39 Intimation to the Assessing Officer under section 210(5) regarding the notice of demand under section 156 of the Income tax Act, 1961 for payment of advance tax under section.

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This is to give you notice under section 210 of the Income-tax Act, 1961, that the sum of Rs. as specified in the enclosed order has been determined to be payable by you during the financial year . 2. The amount is payable in two instalments as mentioned in the Table.

Ans: The penalty for late filing of Form 29B is Rs. 1,50,000 or 0.5% of the total sales, turnover or gross receipts of the business, whichever is lower.

As per section 115JB, every taxpayer being a company is liable to pay MAT, if the Income- tax(including surcharge and cess) payable on the total income, computed as per the provisions of the Income-tax Act in respect of any year is less than 15% of its book-profit + surcharge (SC) + health & education cess.

MAT is calculated at the rate of 15% of the book profit. Book profit is calculated in line with the provisions of Section 115JB of the Income Tax Act, 1961.

Form 29B is necessary when there is Tax payable as per MAT provision. when no tax is payable form 29B is not required.

What is Form 28A? ​In case the Assessing Officer's estimation of current income is more than the assesse's estimate then he is required to send an intimation in Form no. 28A giving estimate of such reduced income and advance tax.

Form 29B enables Companies to disclose book profits certified by a CA for a particular assessment year as per the provisions laid down under section 115JB of the Income Tax Act, 1961.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232