PLZ HELP ME IN THIS DOUBT!

CA Aspirant! (CA Fresher) (112 Points)

16 September 2009  
 
 

in MAT concept,  we take business/ depn loss, whichever is less naa,as deduction from Net profit...my doubt is whether the 8 years time limit for business loss is applicable here also...???

wt if its more than 8 years?? if d business loss was incurred, say some 10 years back, can we carry 4wrd it in MAT ???