Brought forward business loss under mat

This query is : Resolved

Mahender Jain (Querist)
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08 May 2012 AS per 115JB, we will deduct from book profit,
the amount of loss brought forward or unabsorbed depreciation, whichever is less as per books of account.

so for above purpose, is their any time limit for brought forward business loss as in normal tax their is limit of 8 year for business loss, so same limit is applicable in case of 115JB

Guest

Guest (Expert)

08 May 2012 The time limit for brought forward loss shall be consistent with the income tax provisions.

The same limit is applicable in case of 115JB