Question ID :
40955
SEC 115BAA
1.A company with carry forward depreciation and business loss(normal business). Is it possible to opt sec 115BAA with carry forward business loss?
2.Also, above company having short term borrowings from directors and not in the situation to repay.
Is it possible to written off borrowings and adjust that income with carry forward business loss after opting Sec 115BAA? as MAT is not applicable.
posted by
SHRIDHAR
on
Jan 30 2021 12:00AM