Which accountant’s report form is prescribed under the Income-tax Rules, 2026 for computing book profit for MAT?
Question and options
Which accountant’s report form is prescribed under the Income-tax Rules, 2026 for computing book profit for MAT?
Form 66
Form 29B
Form 99
Form 138
Answer and explanation
Correct answer: A - Form 66
Rule 137 of the Income-tax Rules, 2026 prescribes Form 66 for the accountant's report certifying that book profit has been computed as required by section 206 of the Income-tax Act, 2025. Form 29B was the corresponding report under the 1962 Rules, and Form 99 is the appeal form before the Commissioner (Appeals).
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