Hello 
Can anybody tell me a solution for the Following Scenario in the case of a Company......?
A.Y. Business Loss Depreciation Loss
2006-07 Rs. 200,000.00 Rs. 500,000.00
2007-08 Rs. 300,000.00 Rs. 250,000.00
2009-10 Rs. 800,000.00 Rs. 600,000.00
Total Rs. 13,00,000.00 Rs.13,50,000.00
Please let me know What will be the amount of Loss to be brought forwarded to set off against book profit in Assessment Year 2010-11 as per section 115JB.....?
Is it Whether Rs. 13,00,000.00 (total) or Rs. 10,50,000.00 (200,000.00+250,000.00+600,000.00)....?
CAclubindia
