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115jb

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(Querist)
11 October 2011 if we have current year profit & we adjust last year loss,

Than 115JB applied on which amt. ?
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CA RICHA BADALIA

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CA RICHA BADALIA (Expert)
11 October 2011 The amount of loss b/f or unabsorbed depreciation whichever is less as per BOOKS of account is deducted from adjusted profit.The resultant profit will be book profit .MAT will then be calculated on this Book Profit.
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