Mat

Tax queries 466 views 1 replies

 

If there is one company making loss from past many years and not providing depriciation for the same........ and want to calculate brought forword loss or unabsorb depriciation w.e. less under calculation of book profit u/s 115JB for MAT what to do ??????
can i knw?
Replies (1)

As the past years balance sheets have already been audit and submitted to various statutory authorities, depreciation under Companies Act was not taken by the Company and hence depreciation being "0", now Company cannot take the benefit of lower of Book Loss or Depreciation.


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