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
Menu
Mat
Replies (1)
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.
Recent Threads
- ITC availment relationship
- Challan confusion in ITR B block return
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
- Turf Club Veterinary Department. Procurement Manua
- I have wrongly shown itc in reclaimable itc inste
- Help reqd in getting Professional Tax challan
Related Threads
CAclubindia
