Business loss and unabsorbed depreciation

Please tell me

In case of MAT to consider an unabsorbed depreciation and business loss what is Business Loss whether it is as per Books of Accounts or as per Income Tax Act i.e.after adjustments of Income Tax Act in Income from Business and profession??

Replies (1)

Dear Bhakti 

In MAT  we consider the business loss of Books which you file into your Income tax returns. (Business loss which are filed in the Income tax returns.)

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