Abc pvt ltd has book profit of 7,10,000 for the year ending 31.03.2021 .. Company has brought forward losses and unabsorbed depreciation of year FY 2018-2019 ..
Can ABC pvt ltd company set off brought losses and unabsorbed dep against profit as per MAT ..?
If yes , then please correct me if i am wrong..
Set off will be lower of :
a) Brought forward business loss
b) Brought forward Unabsorbed depreciation
CAclubindia
