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In the case of loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 December 2016 whether in the case of loss provision for taxation is created or not.
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sandip rai

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sandip rai (Expert)
06 December 2016 If you have business loss, you need to check MAT and Book Profit and if you have Book Profit , MAT is Payable , need to create provision of tax. and if your book profit and taxable profit both are negative.. you need not to create provision on taxation from accounts prospective.

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