If company has a book profit Rs.100 Lacs and Brought forward loss of 200 lacs which includes unabsorbed depreciation of 80 lacs can under calculation of 115JB can i set off of unabsorbed depreciation as per provision of mat. Can I correct
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is the b/f loss & deprn as per the books or as per the I-T Act. In case it is as per books then the depreciation of 80lacs shall be deducted from the book profit as it is less then the b/s business loss.
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