MAT Provision

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 May 2010 Hello,
My Compnay Have Carried Forward Unabsorbed Depreciation ( Not Business Loss Cash Loss) According to Companies Act.
Now In This Year, Company is Liable to Pay Tax According to 115JB i.e MAT.
Then Weather This Unabsorbed Depreciation of Past Years is Allowed.

29 May 2010 Lower of the amount of loss brought forward or unabsorbed depreciation, is allowed as a deduction for calculation of MAT.

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 May 2010 But There is No Business Loss.
Bcoz in Last Year Lower of Business Loss & Dep Loss Taken as Setoff.

& Now This Year Only Unabsorbed Depreciation Remain to Set Off As Pe Companies Act.

29 May 2010 if anyone is zero then no deduction allowable.

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 May 2010 Thanks Sir


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