"sec 115jb(2)(iii) says the amount of loss brought forward or unabsorbed depreciation whichever is less as per books of a/c."
what does the above point refers??
practical situation: There is a case of a co. wherein the N/P as per the P/L is1897516 ,there is b/f unabsorbed business loss amounting to3777347 & unabsorbed depreciation of 1455053. what & how will the mat provision be applicable in the case, provide the solution for the case .
Also let me know which depreciation is to be added to the book profits as per the mat provisions.(depn asper books).HOPE I WILL GET THE SOLUTION QUICKLY
from ,
nitin
CAclubindia
