115jb
This query is : Open
M.Sathish Kumar
(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.
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.
CA Parul Saxena
(Expert)
28 September 2013
you need to consider business loss of Rs.300000.....
M.Sathish Kumar
(Querist)
28 September 2013
But it is clearly given in the section whichever is less
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