In the FY 2013-14 My company( manufacturing co) achieved profit of Rs. 26lakh .
preceding to the FY 2013-14 my company incurred losses there is no profits. Now is it liable u/s 115JB????
company also not maintained Business loss and Unabsorbed depreciation separately relating to previous years. how to separate business loss and unabsorbed depreciation from the past year accounts .
At the same time how to calculate business loss in the FY 2013-14.
please provided procedure relating to set off of Brought forward business loss and unabsorbed depreciation from current year profits.
CAclubindia
