Mat @18.5%

This query is : Resolved

jaykishan khatik (Querist)
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20 October 2012 Dear all,
if in the in books of a/c i had Profit during the year,
but now after set-off unabsorbed depreciation there is balance in unabsorbed Depreciation

my query is if in next year, i have profit whether i can claim balance unabsorbed Depreciation or not

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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20 October 2012 Under MAT The Loss Carried Forward Will be Allowed as:-

Lower of
Unabsorbed Depreciation
Business Loss

In Your Case, Business Los is NIL, So You Will not Get Unabsorbed Depreciation Credit in Next Year

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