Unabsorbed depreciation
This query is : Resolved
10 August 2013
sir, a company having unabsorbed dep. of f/y 2011-2012 amounting to Rs. 40,000
now in f/y 2012-13 company's profit = Rs 2 lacs
due to application of mat there is no benefit of unabsorbed depreciation during f/y 2012-13
sir my question is: is it mandatory to claim unabsorbed depreciation if profits are available??
now in f/y 2012-13 company's profit = Rs 2 lacs
due to application of mat there is no benefit of unabsorbed depreciation during f/y 2012-13
sir my question is: is it mandatory to claim unabsorbed depreciation if profits are available??
10 August 2013
the ans is yes for cal normal business income as per provision of income tax act.
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