Brought forward business loss under mat
This query is : Resolved
Mahender Jain
(Querist)
08 May 2012
AS per 115JB, we will deduct from book profit,
the amount of loss brought forward or unabsorbed depreciation, whichever is less as per books of account.
so for above purpose, is their any time limit for brought forward business loss as in normal tax their is limit of 8 year for business loss, so same limit is applicable in case of 115JB
the amount of loss brought forward or unabsorbed depreciation, whichever is less as per books of account.
so for above purpose, is their any time limit for brought forward business loss as in normal tax their is limit of 8 year for business loss, so same limit is applicable in case of 115JB
Guest
Guest
(Expert)
08 May 2012
The time limit for brought forward loss shall be consistent with the income tax provisions.
The same limit is applicable in case of 115JB
The same limit is applicable in case of 115JB
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