Business c/f loss mat applicable

Ravi Patel (Service) (24 Points)

31 August 2013  

Hello Sir,

I have a Queries about MAT

Please tell me If I have a Loss In Pvt. Ltd. Company ( no provision income & loss) = 1,00,000/-

& in next year I got the profit in same business is Rs = 50,000/-

can i taking a set-off from last year loss?

& if Yes Then Can I applicable for Mat on this Rs.50,000/- ?