MAT

This query is : Resolved 

26 September 2010 Hi!
Can u please tell if we have to calculate profit as per MAT, then while calculating loss or unabsorbed depreciation as per books (whichever is less), which item we have to adjust in current year profit i.e., we have to adjust loss with current year profit or unabsorbed depreciation (as per books)

26 September 2010 if loss is rs. 2l and unabsorbed deprecation is Rs. 1L OR NIL

IN FIRST CASE RS. 1L and in later case nil



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