Amount of loss brought forward or unabsorbed depreciation
This query is : Resolved
08 December 2014
FY |P/(L)beforDep|Depreciation|Total Loss|
07-08 (72,500) (116,000) (188,500)
08-09 (40,000) (100,000) (140,000)
09-10 50,000 (78,000) (28,000)
10-11 90,000 (40,000) 50,000
11-12 38,000 (75,000) (37,000)
12-13 (10,000) (61,000) (71,000)
13-14 65,000 (50,000) 15,000
1.What is the Amount of loss brought forward or unabsorbed depreciation for MAT?
2. Attach the computation for the same
07-08 (72,500) (116,000) (188,500)
08-09 (40,000) (100,000) (140,000)
09-10 50,000 (78,000) (28,000)
10-11 90,000 (40,000) 50,000
11-12 38,000 (75,000) (37,000)
12-13 (10,000) (61,000) (71,000)
13-14 65,000 (50,000) 15,000
1.What is the Amount of loss brought forward or unabsorbed depreciation for MAT?
2. Attach the computation for the same
Neljo Davis ACA
(Expert)
08 December 2014
Please take the profit and loss account (Debit) balance as per last balance sheet. (i.e. FY 2012-13 P&L Balance for FY 2013-14 MAT Computation). Take the most beneficial assumption for set off of loss as nothing is specifically mentioned in Act. For Egs. Profit derived will first utilize to set off
against depreciation loss
FY B Loss D Loss
2007-08 72500 116000
2008-09 40000 100000
2009-10 ----- 28000
2011-12 ----- 37000
2012-13 10000 61000
Total 122500 342000
Less Profit
2010-11 ---- 50000
Net 122500 292000
against depreciation loss
FY B Loss D Loss
2007-08 72500 116000
2008-09 40000 100000
2009-10 ----- 28000
2011-12 ----- 37000
2012-13 10000 61000
Total 122500 342000
Less Profit
2010-11 ---- 50000
Net 122500 292000
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