CA Aspirant! (CA Fresher) (112 Points)
16 September 2009in MAT concept, we take business/ depn loss, whichever is less naa,as deduction from Net profit...my doubt is whether the 8 years time limit for business loss is applicable here also...???
wt if its more than 8 years?? if d business loss was incurred, say some 10 years back, can we carry 4wrd it in MAT ???
Arti
(Jr Manager)
(123 Points)
Replied 16 September 2009
Losses shown in books only can be adjucted for Book Profit purpose.
In books only 8 years of business losses can be carried forward not more than that. So its simple now to understand.
nikita
(student)
(26 Points)
Replied 26 September 2009
i m doing cs executive plz tell me wht to do after dis is llb gud
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 26 September 2009
CS+LLB is a good option.
CAclubindia
