Unabsorbed business loss & unabsorbed depreciation for mat

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CHINTHA TEJOVATHI (Querist)

11 April 2019 Dear Members,

Please give solution to the following

Company has following profit /loss as per books

Rupees In lakhs
profit /(Loss) depreciation Total
2010-11 32 2 30
2011-12 42 2 40
2013-14 (6) 2 (8)
2014-15 (3) 2 (5)
2015-16 20 2 18

1) In the above case how much is the brought forward loss & unabsorbed depreciation for the year 2015-16 for MAT Calculation?

if brought forward loss is 20 lakhs & unabsorbed depreciation (UBD) is 10lakhs in previous year & UBD 10 lakhs is fully utilized in the current year as per MAT provision .

2) in this case how much is the loss & UBD can we carry forward in next year ?

please give the explanation in detail

Thanks in advance

Shashikant Varshney

Shashikant Varshney (Expert)

19 April 2019 Your query is not clear. But write clear and paste it properly. I will surely reply on that.

CHINTHA TEJOVATHI

CHINTHA TEJOVATHI (Querist)

22 April 2019 give in detail explanation about unabsorbed depreciation & brought forward business loss as per books for the purpose of calculation of MAT ?

Shashikant Varshney

Shashikant Varshney (Expert)

10 May 2019 For the purpose of MAT, Unabsorbed Dep and Business losses means, the losses and dep you declared in your balance sheet, whether it is as per Companies Act, Income Tax Act or any other act. That means the book losses or unabsorbed dep as per Books of Account.

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