MAT
This query is : Resolved
26 September 2010
Hi!
Can u please tell if we have to calculate profit as per MAT, then while calculating loss or unabsorbed depreciation as per books (whichever is less), which item we have to adjust in current year profit i.e., we have to adjust loss with current year profit or unabsorbed depreciation (as per books)
Can u please tell if we have to calculate profit as per MAT, then while calculating loss or unabsorbed depreciation as per books (whichever is less), which item we have to adjust in current year profit i.e., we have to adjust loss with current year profit or unabsorbed depreciation (as per books)
26 September 2010
if loss is rs. 2l and unabsorbed deprecation is Rs. 1L OR NIL
IN FIRST CASE RS. 1L and in later case nil
IN FIRST CASE RS. 1L and in later case nil
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