Mat provisions

nitin suvarna (C.A FINAL) (828 Points)

21 June 2011  

"sec 115jb(2)(iii) says the amount of loss brought forward or unabsorbed depreciation whichever is less as per books of a/c."

what does the above point refers??

practical situation: There is a case of a co. wherein the N/P as per the P/L is1897516  ,there is b/f unabsorbed business loss amounting to3777347 &  unabsorbed depreciation of 1455053. what & how will the mat provision  be applicable in the case, provide the solution for the case .

Also  let me know which depreciation is to be added to the book profits as per the mat provisions.(depn asper  books).HOPE I WILL GET THE SOLUTION QUICKLY

from ,

nitin