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Querist : Anonymous

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Querist : Anonymous (Querist)
11 March 2013 For the last year, we were in profit 150 Lac and this year our loss will be 110 Lac. In such case this year mat will be applicable or not?
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CA Suraj Lakhotia

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CA Suraj Lakhotia (Expert)
11 March 2013 MAT is calculated based on current year's book profit

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