Mat-urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 January 2013
Respected Experts,
I want to know that while computing book profits for calculation of MAT,the unabsorbed depriciation & b/f losses are to be taken on year to year basis or aggregate of all the earlier years?Please reply soon. Its very urgent.also give any guidance note or case law,if any in this regard.
Thanks
I want to know that while computing book profits for calculation of MAT,the unabsorbed depriciation & b/f losses are to be taken on year to year basis or aggregate of all the earlier years?Please reply soon. Its very urgent.also give any guidance note or case law,if any in this regard.
Thanks
26 January 2013
amount of brought forward loss or unabsorbed depreciation whichever is less” in clause (iii) shows the intention of the legislature for considering one consolidated figure of brought forward loss or unabsorbed depreciation for the earlier years in totality and not on year to Year basis, the same view has been accepted in amine textiles case
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