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.
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.
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