There is a book profit of Rs 200000.00 and tax as per income tax ACT IS RS 100000.00 . The compay has to mat as the tax as per MAT IS MORE. The company is having brought forward losses as assessed by the officer. Rs 1000000.00 .
QUERY : WHAT AMOUNT THE COMPANY WILL CARRY FORWARD THE LOSS TO NEXT YEAR. Is it Rs (1000000-100000) or Rs 1000000.00
CAclubindia
