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u/s.115jb

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31 July 2010 I had paid Mat in pr.yr.2008-09, after calculating b/f loss & unabsor. dep whichever is less as per co act, Now I would like to know that whether pr. year Loss & unabs. deprecition as per I.Tax can be carried forward or lapse on that year.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
31 July 2010 Can be carried forward. It will not lapse. For details see section 115JB(3).
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