Mat
This query is : Resolved
irtik shamim
(Querist)
18 September 2012
Hi,
i have came through about a case of a company
with current year profit of around two crores
and brought forward losses of about 39 crores
and un-absorbed depreciation of 1.65 crores..please help me in understanding in applicability and calculation of MAT
thanks
irtik
i have came through about a case of a company
with current year profit of around two crores
and brought forward losses of about 39 crores
and un-absorbed depreciation of 1.65 crores..please help me in understanding in applicability and calculation of MAT
thanks
irtik
Pankaj Gupta
(Expert)
18 September 2012
For calculating book profit, minimum of the two will be allowed as deduction:-
Brought forward loses or unabsorbed depreciation.
Brought forward loses or unabsorbed depreciation.
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