in MAT concept, we take business/ depn loss, whichever is less naa,as deduction from Net profit...my doubt is whether the 8 years time limit for business loss is applicable here also...???
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PLZ HELP ME IN THIS DOUBT !
Replies (2)
Yes, this is applicable, you can carry forward the business loss for 8 years.
wt if its more than 8 years?? if d business loss was incurred, say some 10 years back, can we carry 4wrd it in MAT ???
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