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Taxes

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(Querist)
16 May 2015 A pvt. ltd. co. making loss in f.y. 2013-14, is c/f to the f.y. 2014-15, where in the f..y. 2014-15 making Profit.
While computing the Income tax, whether the 2013-14 loss can be adjusted against the profit of f.y. & tax to be calculated on balance of the profit or else ?
How to make the computation ? Tax payable under MAT is less than the regular tax.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
16 May 2015 yes it can be adjusted in fy 14-15 if there is profit available.
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