Section 115jb & book loss
This query is : Resolved
06 August 2012
Private Limited Company has Rs.4.50 lacs as book loss. Depreciation is 2 lacs as per Companies Act.
No unabsorbed depreciation of earlier years as per books & also no brought forward loss from earlier years.
While calculating MAT Rs.2 Lacs depreciation will be added & deducted. Other addition & deletion in Section 115JB calculations not applicable.
Ultimately book loss of Rs.4.5 remains the same.
Please guide whether MAT liability willcome or not.
Thanks
Abhijeet.
No unabsorbed depreciation of earlier years as per books & also no brought forward loss from earlier years.
While calculating MAT Rs.2 Lacs depreciation will be added & deducted. Other addition & deletion in Section 115JB calculations not applicable.
Ultimately book loss of Rs.4.5 remains the same.
Please guide whether MAT liability willcome or not.
Thanks
Abhijeet.
06 August 2012
Since there is a loss u/s 115JB, MAT will NOT be payable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Distinct person & regular person POS
- INCOME TAX NOTICE QUESTION
- Query ON belated tds deduction
- Whether to file ITC 03 for downward GST rate revision - Reg.
- Authority regulating Transmission of unlisted shares
- Regarding claiming exemption under section 54ec
- Query Regarding Error in Establishing Connection with Traces WebSocket eSigner
- Need Conversion process of CA Proprietary firm to CA Partnership Firm
- Input Tax Credit Treatment For Hotel Service Provider.
- Capital gain on sale of resident house by non-resident Indian
- Query regarding metal scrap purchase from SEZ
- Seeking Assistance for MoA Amendment and ROC Compliance
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
