Can anybody explain how previous year Business Depreciation loss es of the company Can be setoff to whether current year Book Profit or Net profit?
Swami Ayyappa Nuli
(TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)
(1372 Points)
Replied 03 October 2012
current year business profit less current year depreciation and then unabsorbed depreciation
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