Computation of book profit u/s 115JB

This query is : Resolved

joginder (Querist)
Follow

15 March 2010 hello friends,

In case of computation of book profit we normally deduct
Unabsorbed Depreciation
or
B/f Losses

Which ever is less.

In case of my company we have unabsored depreciation and b/f losses of 2 years.
I want to know WHETHER THE CALCULATION WILL BE SEPARATE FOR EACH YEAR OR THEY WILL CONSOLIDATE CONSIDERED FOR CALCULATION OF BOOK PROFIT.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

15 March 2010 Add up unabsorbed depreciation of all the years. Similarly add up unabsorbed business loss of all the years. Then find out least among the two sum.

joginder

joginder (Querist)
Follow

15 March 2010 Thank you Sir

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

15 March 2010 Citation that support my view:-

Aniline Textiles (p) Ltd Vs. ITO (2009) 27 SOT 152 (Mum-Tri).

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

bhavesh

CA Varun Gupta

Anoop KK

N N V Satish

kavita goel

Subscribe Now

Computation of book profit u/s 115JB

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA