banner_ad

115jb

This query is : Open 
Profile Image

Profile Image

(Querist)
28 September 2013 Dear Sir,
I have a doubt in MAT computation:

Year 1:
Biz loss say 3 Lacs (as per books)
Unabsorbed Dep. loss say 2 Lacs (as per books)

for computation, was considered 2 Lacs (whichever is less) in year 1

For Year 2:
my biz loss is 3 lacs
unab. dep loss is 2 lacs

for year 2 MAT computation do i need to consider unabsorbed dep so that my allowance wud be 2 lacs (or) nil if unabsorbed dep. loss is 'zero' since it is already considered in year 1.

Please help me in this regard.

Thanks in advance.
Profile Image

CA Parul Saxena

Profile Image

CA Parul Saxena (Expert)
28 September 2013 you need to consider business loss of Rs.300000.....
Profile Image

M.Sathish Kumar

Profile Image

M.Sathish Kumar (Querist)
28 September 2013 But it is clearly given in the section whichever is less
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details