115JB
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 October 2010
PROFIT (FOR FY 2009.10) OF THE COMPANY AS PER P & L Rs.400000 AFTER DEPRECIATION Rs.1900000 AS PER BOOKS (SCH IVX). LOSS AS PER INCOME TAX COMPUTATION Rs.1700000 BECAUSE OF I T DEPRECIATION OF Rs.4000000. WHETHER MAT IS APPLICABLE?
WHETHER UNABSORBED DEPRECIATION INCLUDES CURRENT YEARS DEPRECIATION? IF YES THEN HOW MAT IS APPLICABLE FOR THE AY 2010-11
WHETHER UNABSORBED DEPRECIATION INCLUDES CURRENT YEARS DEPRECIATION? IF YES THEN HOW MAT IS APPLICABLE FOR THE AY 2010-11
05 October 2010
MAT would be applicable. Unabsorbed depreciation will not include current years depreciation
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