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Section 115jb & book loss

This query is : Resolved 
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(Querist)
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.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
06 August 2012 Since there is a loss u/s 115JB, MAT will NOT be payable.
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