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(Querist)
18 September 2012 Hi,
i have came through about a case of a company
with current year profit of around two crores
and brought forward losses of about 39 crores
and un-absorbed depreciation of 1.65 crores..please help me in understanding in applicability and calculation of MAT

thanks
irtik
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Pankaj Gupta

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Pankaj Gupta (Expert)
18 September 2012 For calculating book profit, minimum of the two will be allowed as deduction:-
Brought forward loses or unabsorbed depreciation.

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