MAT U/S 115JB
This query is : Resolved
ca tarun sharma
(Querist)
28 January 2010
hello sir
if a company's book profit u/s 115jb without deduction of lower of loss & U/Dep as per b/a is rs 20000 &
b/f loss , Unabsorbed dep , Allow
1) 10000 , 5000 , 5000
2) 5000 , 10000 , 5000
3) 20000 , nil , nil
4) nil , 20000 , nil
5) 30000 , 10000 , 10000
6) 10000 , 30000 , 10000
7) 50000 , 30000 , 20000
lower would be allowed as deduction
my question is now what amt of loss or u/d shall be c/f for following year in each of above case
thanx in advance
if a company's book profit u/s 115jb without deduction of lower of loss & U/Dep as per b/a is rs 20000 &
b/f loss , Unabsorbed dep , Allow
1) 10000 , 5000 , 5000
2) 5000 , 10000 , 5000
3) 20000 , nil , nil
4) nil , 20000 , nil
5) 30000 , 10000 , 10000
6) 10000 , 30000 , 10000
7) 50000 , 30000 , 20000
lower would be allowed as deduction
my question is now what amt of loss or u/d shall be c/f for following year in each of above case
thanx in advance
28 January 2010
Add brought forward loss of all seven years. Let it be(1).
Add unabsorbed depreciation of all the years. Let it be (2).
Least of (1) and (2) can be deducted.
Citation:- Aniline Textiles (p) Ltd Vs ITO (2009) 27 SOT 152 (Mum-Tri)
Add unabsorbed depreciation of all the years. Let it be (2).
Least of (1) and (2) can be deducted.
Citation:- Aniline Textiles (p) Ltd Vs ITO (2009) 27 SOT 152 (Mum-Tri)
ca tarun sharma
(Querist)
29 January 2010
thanx for ur reply sir but i want to know how much amt will be c/f to next year. there r seven different case first amt is loss b/f, 2nd is b/f unabsorbed dep & last is lower of them which will be allowed in current yera. now d loss which could not have been set off in current year will be c/f to next year but what amt in each separate case will be c/f
03 August 2024
https://docs.google.com/document/d/186sRcOeLmLegQSwhvApQdQe-7sANfrhAKedY67_FjbI/edit?usp=sharing
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