Pvt. Co. - whether Income tax is paid on the adjusted amount after B/F Loss or is to be paid on amount without adjusting B/F Loss (i.e gross amount before adusting loss) pls suggest because Income tax to be paid differs for before adjustment and after adjustment of loss of previous year. thanks to all members here for the support.
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Brought forward loss of Previous year
Replies (2)
Ravibhai
Tax will be paid on only those amount remaing after adjustment of b/f losses
while calculating tax, keep the MAT provisions in mind.
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