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.