115jb

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Querist : Anonymous (Querist)
25 September 2011 If we haven't claimed unabsorbed depreciation in previous years' returns, how to compute book profit for section 115JB?

25 September 2011 Accumulated Depreciation or Losses as per books of accounts whichever is less will be taken for computation of book profits u/s 115JB.

e.g. if dep. or loss is Nil, Nil amount will be taken.



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