Calculation of tax after set off of previous year loss
This query is : Resolved
14 September 2012
profit for the AY 2012-13 of company is rs.333994.00 after adjustment of depreciation . loss of the AY 2011-12 as per the return filed on 28/09/2011 was rs.327089.00. what would be the tax amount for the AY 2012-13? pls. suggest.
14 September 2012
You have to pay tax after adjusting depreciation (deducting IT dep and adding co. dep from net profit)and b/f loss,provided it is eligible for set off.
14 September 2012
Yes, Last Year Need to Set Off.as Writen by RichaJi
22 September 2012
Agreed with CA.Richa but one more thing you need to check is MAT .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Offsetting interest income against derivative trading losses
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
