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query relating to u/s115jb mat

Tax queries 946 views 7 replies

if  business loss brough forward is nil and unabsorbed dep is x amt then what amt will be deducted for calculation of mat u/s 115jb.

Replies (7)

NIL AMOUNT WILL BE DEDUCTED AS SIMPLE AS THAT

 

Yes Amir is right

Brought forward loss to be considered as per books. If the same is NIL then nothing will be deducted.

NIL amount to be deducted.

agree with all........the amount of loss brought forward or unabsorbed depreciation, whichever is less as per books of account can be deducted / reduced...........

agree with balaji

brought forward loss or unabsorbed depr whichever is less as per books shall be deducted

If any of it is NIL, then NIL amt will be deducted

There would be no deduction at all...


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