MAT U/S 115JB

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ca tarun sharma (Querist)
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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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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)

ca tarun sharma

ca tarun sharma (Querist)
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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