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Querist : Anonymous

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Querist : Anonymous (Querist)
04 October 2010 PROFIT (FOR FY 2009.10) OF THE COMPANY AS PER P & L Rs.400000 AFTER DEPRECIATION Rs.1900000 AS PER BOOKS (SCH IVX). LOSS AS PER INCOME TAX COMPUTATION Rs.1700000 BECAUSE OF I T DEPRECIATION OF Rs.4000000. WHETHER MAT IS APPLICABLE?

WHETHER UNABSORBED DEPRECIATION INCLUDES CURRENT YEARS DEPRECIATION? IF YES THEN HOW MAT IS APPLICABLE FOR THE AY 2010-11
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CA Suraj Lakhotia

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CA Suraj Lakhotia (Expert)
05 October 2010 MAT would be applicable. Unabsorbed depreciation will not include current years depreciation
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