Provision for Current Tax in General Information dose not match with Income Tax Paid payable in MAT Addition Detail

ITR-6 Computation alert → Provision for Current Tax in General Information dose not match with Income Tax Paid payable in MAT Addition Detail


Provision for deferred tax in General Information does not match with Deferred Tax in MAT Deduction details. This alert appears while generating the ITR-06 computation:

Error message:

      

Solution: Navigate to Transaction and click on the MAT/AMT option.

      
  • Under the 'Additions' section, click on point number 01, and under 'Deductions', click on point number 11. Then, press the F4 button in the 'Amount' column.
      
  • After pressing the F4 button, a message will appear asking if you want to import details from the P&L. Click 'Yes', and then click the 'Save' button to confirm.
      
      

After saving, navigate to the 'MAT' section and click 'Save' again. Then, generate the computation, and the issue will be resolved.

    • Related Articles

    • ZenIT || Calculation of Minimum Alternative Tax (MAT)

      What is MAT: As companies avoided taxes using all possible rebates, the MAT was introduced. MAT is a provision in the IT Act to limit the exemptions and rebates availed by companies. With MAT, companies have to necessarily pay a minimum amount of tax ...

    • Income Tax || How to Prepare ITR-1

      ITR-1 (Sahaj) is an income tax return form used by individual taxpayers in India. It is one of the simplest forms and is meant for people with straightforward income sources. Here's a detailed overview: Who Should File ITR-1? ITR-1 is suitable for ...

    • Income Tax || How to Feed Deduction u/s 80P

      How to Enter Deduction u/s 80P : Section 80P of the Income Tax Act, 1961, provides deductions to cooperative societies in India. It allows certain cooperative societies to claim a deduction on their income from various activities, promoting the ...

    • Income Tax || Auditor Information

      Navigate to "Transactions" → "Auditor Information". Enter Tax Audit Information: Financial Statement and Audit Report: Choose the format for Balance Sheet and Profit & Loss account (Vertical or Horizontal). Specify whether Tax Audit under section ...

    • TDS || How to fill Annexure II (Salary) details

      Salary Detail (Annexure II): Please note that Salary detail data is mandatory for e-filing of Fourth Quarter for all the employees. You can enter the salary Income in Deductee Transaction > Salary Detail (Annexure II) feature given in menu bar. Now, ...