Form No 29B Format in Word Format Free Download with Annexure

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Form No 29B Format in Word Format Free Download with Annexure 

FORM NO. 29B

[See rule 40B] 

 

Report under section 115JB of the Income-tax Act, 1961, for computing the book profits of the company

  

1. We have examined the accounts and records of ABC PRIVATE LIMITED, XXXXXXXXXXXXXXXXXXX, New Delhi, PAN NO. XXXXXXXX engaged in business of Information Technology Enabled Services in order to arrive at the book profit during

 

2. (a) We certify that the book profit has been computed in accordance with the provisions of this section. The tax payable under section 115JB of the Income-tax Act, in respect of the assessment year 2025-26 is Rs.66,63,727/- which has been determined on the basis of the details in Annexure A to this Form.

 

3. In Our opinion and the best of our knowledge and according to the explanations given to us the particulars given in the Annexure A are true and correct.

 

 

 

For Aggarwal Amar & Associates

Chartered Accountants

 

 

 

 

(AMAR AGGARWAL)

Partner

M.  No. 012345

                                                                       

New Delhi

27^th June, 2025                                                        

 

ANNEXURE A

[See paragraph 2 of Form 29B]

Details relating to computation of Book Profits for the purposes of section 115JB of the Income – tax Act, 1961

 

1.	Name to the assessee	:	ABC PRIVATE LIMITED
2.	Particulars of address	:	XXXXXXXXXXXXXXXX NEW DELHI.
3.	Permanent Account Number	:	XXXXXXXXXX
4.	Assessment Year	:	2025-26
5.	Total income of the company under the Income – tax Act	:	NIL
6.	Income – tax payable on total income	:	NIL
7.	Whether profit and loss account is prepared in accordance with the provisions of Part II and III of Schedule VI to the Companies Act, 1956 (1 of 1956)	:	YES
8.	Whether the profit and loss account referred to in column 7 above has followed the same accounting policies, accounting standards for preparing the profit and loss account and the same method of rates for calculating depreciation as have been adopted for preparing accounts laid before the company at its annual general body meeting ? If not, the extent and nature of variation be specified.	:	YES
9.	Net profit according to profit and loss account referred to in (7) above	:	6,37,83,149/-
26.	Amount of net profit as shown in profit and loss account as increased by the amounts referred to in clauses (a) to (f) of Explanation of sub – section 2 of this section. (File working separately, where required)	:	1,50,000/-
11.	The amount as referred to in item 26 as reduced by the amounts referred to in clauses (i) to (vii) of Explanation of sub – section 2 of this section. (File working separately, where required)	:	51,18,261/-
12.	Book profit as computed according to Explanation give in sub – section (2)	:	5,88,14,888/-
13.	26% Plus Surcharge & Education Cess of ‘book profits’ as computed in 12 above	:	66,63,727/-
14	In case income-tax payable by the company referred to at Sl. No. 6 is less than ten percent of its book profit shown in column 12, the amount of income-tax payable by the company would be 26% Plus Surcharge & Education Cess of column 12 i.e., as per (13)	:	66,63,727/-

 

 

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