14 September 2012
profit for the AY 2012-13 of company is rs.333994.00 after adjustment of depreciation . loss of the AY 2011-12 as per the return filed on 28/09/2011 was rs.327089.00. what would be the tax amount for the AY 2012-13? pls. suggest.
14 September 2012
You have to pay tax after adjusting depreciation (deducting IT dep and adding co. dep from net profit)and b/f loss,provided it is eligible for set off.
CAclubindia
