28 September 2013
Dear Sir, I have a doubt in MAT computation:
Year 1: Biz loss say 3 Lacs (as per books) Unabsorbed Dep. loss say 2 Lacs (as per books)
for computation, was considered 2 Lacs (whichever is less) in year 1
For Year 2: my biz loss is 3 lacs unab. dep loss is 2 lacs
for year 2 MAT computation do i need to consider unabsorbed dep so that my allowance wud be 2 lacs (or) nil if unabsorbed dep. loss is 'zero' since it is already considered in year 1.
CAclubindia
