banner_ad

Computation of book profit u/s 115JB

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 March 2010 hello friends,

In case of computation of book profit we normally deduct
Unabsorbed Depreciation
or
B/f Losses

Which ever is less.

In case of my company we have unabsored depreciation and b/f losses of 2 years.
I want to know WHETHER THE CALCULATION WILL BE SEPARATE FOR EACH YEAR OR THEY WILL CONSOLIDATE CONSIDERED FOR CALCULATION OF BOOK PROFIT.
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
15 March 2010 Add up unabsorbed depreciation of all the years. Similarly add up unabsorbed business loss of all the years. Then find out least among the two sum.
Profile Image

joginder

Profile Image

joginder (Querist)
15 March 2010 Thank you Sir
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
15 March 2010 Citation that support my view:-

Aniline Textiles (p) Ltd Vs. ITO (2009) 27 SOT 152 (Mum-Tri).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details