Minimum Alternative Tax

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.

Replies (2)

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

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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