Question ID :
40373
Sec.115JB B/F Loss and UD
As per sec.115JB for computing MAT, brought forward business loss or unabsorbed depreciation whichever is lower as per books has to be adjusted. Is this comparison of business loss vs depreciation to be made year on year for past years or cumulative figure as on date? All the past years have losses and no profit in any of the preceding years.
posted by
balasubramanian
on
Aug 29 2019 12:00AM