Minimum Alternative Tax

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Kolkata-Pune-Mumbai
27344 Points Joined October 2007

If There is Carried Forward Unabosorbed Depreciation of Past Year

 

& Now This Year Book Profit Coming.

 

So Weather The Adjustment of Unabsorbed Depreciation is Allowed. i Mean Set Off Unser Section 115JB.

 

 

Note : in Last Years, The Lower of Business Loss & Unabsorbed Loss is Set Off From Book

Profit to Calculate Tax. Under Section 115JB.& Now This Year Only Unabsorbed Depreciation

Left to Set Off.

Weather it Setoff in Subsequent Years or Now It Become Irrelevant to Setoff in Companies Act.

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On 29 May 2010 at 14:34 Report
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CA in Practice
35867 Points Joined June 2009

If either is zero then deduction not allowable for the purpose of calculating MAT

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On 29 May 2010 at 14:57
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Kolkata-Pune-Mumbai
27344 Points Joined October 2007
Originally posted by : Aditya Maheshwari

If either is zero then deduction not allowable for the purpose of calculating MAT

I Didn't Get Your Words Sir.

What U Mean That Unabsorbed Depreciation (Companies Act) Now Become Irrelevant to Carried Forward.

If Either is Zero Means ?

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On 29 May 2010 at 16:05


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